420 Results for “inflation”
-
Article
Macroeconomic Stimulus à la MMT
Apr 30, 2019
Modern Monetary Theory is problematic. Launching large scale fiscal programs that rely on it would be skating on thin ice.
-
Article
How Inflation Reduction Became Export Promotion
Sep 15, 2022
Thomas Ferguson’s commentary for an INET symposium on the Inflation Reduction Act
-
Article
Monetary Finance: Mechanics & Complications
May 23, 2016
Eight years after the 2008 crisis the global economy is still stuck with low growth, too low inflation, and rising debt burdens. Massive monetary stimulus has failed to generate adequate demand, and some commentators suggest that we are “out of ammunition” with which to counter deflationary pressures.
-
Article
A Model’s Crisis
Sep 21, 2013
Friedrich von Hayek described the economist’s task as demonstrating how little we really know about what we imagine we can design
-
Article
Inflation and Power
Feb 12, 2024
It was a mistake to accept a ‘reference price’-determination process for basic commodities led by finance
-
Collection
Symposium on the Inflation Reduction Act
Servaas Storm, Steven Fazzari, and Thomas Ferguson comment on the Inflation Reduction Act
-
Article
Shadow money, still contracting
May 10, 2011
These days, one hears worries of impending inflation.
-
Collection
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.
-
Article
Argentina’s Unseen Fragility
May 18, 2018
With growth fueled by an increase in debt, Argentina is facing an uncertain economic future, despite investors’ generally rosy view. The government of Mauricio Macri has options to address the country’s macroeconomic risks, but none of them will be free of tough choices.
-
Article
Not So Modern Monetary Theory
Oct 31, 2019
Policy hype but vintage fiscal economics from Godley, Lerner, and Keynes
-
Working Paper
Working Paper SeriesInflation? It’s Import Prices and the Labor Share!
Jan 2021
Recognizing that inflation of the value of output and its costs of production must be equal, we focus on a cost-based macroeconomic structuralist approach in contrast to micro-oriented monetarist analysis.
-
Working Paper
Working Paper SeriesAre Low Interest Rates Deflationary? A Paradox of Perfect- Foresight Analysis
Sep 2015
A prolonged period of extremely low nominal interest rates has not resulted in high inflation. This has led to increased interest in the “Neo-Fisherian” proposition according to which low nominal interest rates may themselves cause inflation to be lower.
-
Working Paper
Working PaperMuth’s Hypothesis Under Knightian Uncertainty
Dec 2022
A Novel Account of Inflation Forecasts
-
Working Paper
CommentaryWhy a future tax on bank credit intermediation does not offset the stimulative effect of money finance deficits
Aug 2016
This paper responds to a paper by Claudio Borio, Piti Disyatat and Anna Zabai “Helicopter Money: the Illusion of a Free Lunch”
-
Working Paper
Working PaperWhat Next for the Post Covid Global Economy: Could Negative Supply Shocks Disrupt Other Fragile Systems?
Jan 2023
The principal threat to economic stability currently is the overhang of debt, both private and public.