Amiti, Mary; Heise, Sebastian; Karahan, Fatih; Şahin, … - National Bureau of Economic Research - 2023
U.S. inflation has recently surged, with inflation reaching its highest readings since the early 1980s. We examine the … drivers of this rise in inflation, focusing on supply chain disruptions, labor supply constraints, and their interaction … endogenous markups, we find that supply chain disruptions combined with a rise in the disutility of work raised inflation by …
