Central Banks Rethink Tools Like QE as Inflation Soars; Coordination with Fiscal Policy Now Key

Economists and central bankers are reconsidering quantitative easing, which helped during the financial crisis but also created bubbles.

There is debate around central bank inflation targets, with some arguing for more flexibility if it prevents economic damage.

Only 40% expect central banks to use QE the same way as before; some see its role now as just addressing financial stability.

Fiscal policy risks countering central banks' efforts to rein in inflation, so coordination is needed.

Structural reforms are needed for sustainable growth rather than relying on fiscal and monetary stimulus.