The dominant view of inflation holds that it is macroeconomic in origin and must always be
tackled with macroeconomic tightening. In contrast, we argue that the US COVID-19 inflation …

We document the importance of import prices and domestic profits as a counterpart to the
recent increase in euro area inflation. Through a novel consumption deflator decomposition …

The post-pandemic surge in inflation was accompanied by a surge in the corporate share of
profits. As a result, several economists and policy makers have given to it names such as …

The recent food price inflation has sparked lively debates globally in media accounts, policy
circles, and academics. A large body of literature has emerged across several fields of …

Discussions on “profit inflation” are mired in conceptual unclarities, definitional
idiosyncrasies and data problems. This article attempts to bring conceptual clarity to the …

This paper compares the COVID-19 recession in the euro area (EA) and the US using an
estimated multi-region New Keynesian macroeconomic model. To capture quarterly …

Corporate profits rose quickly in 2021 along with inflation, raising concerns about
corporations driving up prices to increase profits. Although corporate profits indeed …

Our study of Belgian firms found that 2022 price increases were largely attributable to rising
intermediate input costs. Wage increases also contributed to prices hikes. Interestingly …

The economic shocks that followed the COVID-19 pandemic have brought to light the
difficulty, both for academics and policy makers, of describing and predicting the dynamics of …

The paper offers a post-Keynesian explanation of the soaring inflation experienced during
the post-COVID recovery, coherent both at the microeconomic and macroeconomic levels …