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Sellers’ Inflation, Profits and Conflict: Why Can Large Firms Hike Prices?

• moritz 4y ago
  > 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 is predominantly a sellers’ inflation that derives from microeconomic origins, namely the ability of firms with market power to hike prices.