Sellers’ Inflation, Profits and Conflict: Why can Large Firms Hike Prices in an Emergency?

Isabella M. Weber, Evan Wasner
UMass Amherst, 2023
Grado: perito
Perspectivas: Economia institucionalista, Economía neoclásica, Otros, Economía poskeynesiana
Topic: Crisis, Instituciones, gobiernos y políticas públicas, Macroeconomía, Dinero y deuda
Format: Artículo/capítulo académico
Enlace: https://scholarworks.umass.edu/econ_workingpaper/343/
Isabella M. Weber and Evan Wasner challange the dominant view of inflation that it is macroeconomic in origin and must always be tackled with macroeconomic tightening. In contrast, they argue that inflation is predominantly a sellers’ inflation that derives from microeconomic origins, namely the ability of firms with market power to hike prices.

Comment from our editors:

Isabella M. Weber's view on inflation is highly relevant to understand current economic developments and policy debates.

Go to: Sellers’ Inflation, Profits and Conflict: Why can Large Firms Hike Prices in an Emergency?

This material has been suggested and edited by:

Samuel Decker
Tags: distribution | inflation | interest rates | profits | sellers inflation

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