Isabella M. Weber and Evan Wasner, University of Massachusetts Amherst
The US COVID-19 inflation is predominantly a sellers’ inflation that derives from the ability of firms with market power to hike prices. Policy should aim to contain price hikes at the impulse stage to prevent inflation from the onset.
More “Current Scholarship
Sellers’ Inflation, Profits and Conflict: Why can Large Firms Hike Prices in an Emergency?”