>The most mainline Keynesian would say that inflation has many more causes that just wage growth. Yeah, but I don't think Summers and Rogoff are mainline Keyne

>The most mainline Keynesian would say that inflation has many more causes that just wage growth. Yeah, but I don't think Summers and Rogoff are mainline Keynesians. They're Chicago School neoliberals, IIRC, and their training and career experience really has been within the ideology that inflation is a function of the bargaining power of labor and you purchase low inflation by wage repression.