Why central banks are not hitting their 2% inflation target | Nouriel Roubini

Growth and inflation are out of sync in most developed nations, causing bubbles and crisesSince the summer of 2016, the global economy has been in a period of moderate expansion, with the growth rate accelerating gradually. What has not picked up, at least in the advanced economies, is inflation. The question is why. In the United States, Europe, Japan, and other developed economies, the recent growth acceleration has been driven by an increase in aggregate demand, a result of continued expansio