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

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.

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Comment from our editors:

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

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