Although everyone hopes that Pandexit, or the end of the Covid-19 pandemic, will come soon, the economic benefits will not be unalloyed. One plausible downside scenario is that current price pressures intensify and inflation rises further, eventually requiring a monetary response People have been using “exit” as a suffix for a decade or so. Grexit, referring to a potential Greek departure from the eurozone, was the first to emerge. Italexit made a brief appearance, and has recently been revived on the Italian right. But neither has come to pass. Nor has Frexit, or France’s unilateral withdrawal from the European Union. The far-right politician Marine Le Pen previously flirted with the ide
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