<p>Claudio Borio offers a historic perspective on the interaction of fiscal and monetary policy to better understand the challenges facing the global economy today, and draw some lessons for the future. <a href="https://www.bis.org/publ/arpdf/ar2023e2.htm">Read more</a>.</p>

Navigating the disinflation journey

Experts from the Bank for International Settlements (BIS) explain their work and discuss current issues for the global economy. As a hub for central banks and other financial regulatory and supervisory authorities, the BIS seeks to build a greater collective understanding of the world economy, foster international cooperation and support policy making.