Profit-Led Inflation and Markups: A Discussion

Michalis Nikiforos, Simon Grothe, and Servaas Storm criticize Marc Lavoie’s recent take on the current inflation debate. Marc Lavoie responds.

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Markups, Profit Shares, and Cost-Push-Profit-Led Inflation

Jun 6, 2023

To what extent is profit-led inflation compatible with what we know about the price-setting behavior of firms and income distribution?