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This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation … discussed. The paper applies the latter to elucidate recent inflation trends propelled by increasing imported energy prices and … then rising mark-ups. The effects of inflation-targeting central bank interest policies versus a post-Keynesian alternative …
Persistent link: https://www.econbiz.de/10015057214
-Keynesian conflict inflation and distribution theory: the Blecker/Setterfield (2019) and Lavoie (1992, 2022) (BSL) model based on Dutt … chiefly centre around the treatment of price inflation expectations ('indexation') and the incorporation of bargaining power … in wage- and price-inflation equations. BSL variants generally yield stable price Phillips curves, stable distribution …
Persistent link: https://www.econbiz.de/10014456520
This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation …-are discussed. The paper applies the latter to elucidate recent inflation trends propelled by increasing imported energy prices and … then rising mark-ups. The effects of inflation-targeting central bank interest policies versus a post-Keynesian alternative …
Persistent link: https://www.econbiz.de/10014438366
This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation … discussed. The paper applies the latter to elucidate recent inflation trends propelled by increasing imported energy prices and … then rising mark-ups. The effects of inflation-targeting central bank interest policies versus a post-Keynesian alternative …
Persistent link: https://www.econbiz.de/10015077190
accounts of profit inflation, wherein U.S. firms' market power allowed them to maintain - and, for some firms, increase - their …
Persistent link: https://www.econbiz.de/10015057213
-Keynesian conflict inflation and distribution theory: the Blecker/Setterfield (2019) and Lavoie (1992, 2022) (BSL) model based on Dutt … chiefly centre around the treatment of price inflation expectations ('indexation') and the incorporation of bargaining power … in wage- and price-inflation equations. BSL variants generally yield stable price Phillips curves, stable distribution …
Persistent link: https://www.econbiz.de/10014464077
Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...
Persistent link: https://www.econbiz.de/10012795769
Assessing the effects of monetary policy and wage bargaining on employment and inflation in the European Monetary Union … (EMU), in the first step a Post-Keynesian competitive claims model of inflation with endogenous money is developed. In this … rising inflation. Economic performance will improve if the ECB abandons its asymmetric monetary strategy. This may be …
Persistent link: https://www.econbiz.de/10010486113
In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that … the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which … influence the expected inflation distribution through disagreement, level shift and ambiguity. Linking these functional shocks …
Persistent link: https://www.econbiz.de/10014079902