If  2  BIS central bankers’ speeches  the structural unemployment rate rises due to the increase in this mismatch, wages and prices become less likely to decline even if a high unemployment rate continues. In fact, I think that such trend has recently appeared in the United States and Europe.
The second change is that emerging economies with currencies that are de facto pegged to the U.S. dollar have an increasing presence in the global economy, and such countries, the so-called “U.S. dollar-pegged bloc”, play a major role in the dynamics of the global economy.