Chartbook #49: Global bond market turmoil 2021 - an explainer.
If one believes that the problems are mainly issues of supply-side bottlenecks and logistical difficulties, using a tightening of monetary policy is a crude way to deal with the problem. Neo-Keynesians like Skanda Amarnath and Employ America are full of smart ideas about how to curb inflationary pressures short of using interest rates to cosh aggregate demand.