Can inflation be tamed without breaking the recovery?

Inflation has not been an everyday concern in developed countries for decades. However, in 2021, the strong global economic recovery has starkly brought the inflation question back to the attention of consumers, markets and central bankers, stoking a fierce (and still unresolved) debate about its causes, its persistence and the possible economic policy reaction. Price increases are first and foremost the repercussion of stimulus measures taken to escape from the Covid shock of 20...