Global Inflation Conference Research and Commentary
On December 2-3, PERI hosted the conference "Global Inflation Today: What Is to Be Done?," to explore the causes of the global inflation spike. Conference participants provided critical perspectives on the austerity macroeconomic policies being implemented globally to control inflation and proposed alternative policies capable of managing inflation without imposing austerity and rising mass unemployment. Below are links to conference research papers as well as commentary written by conference participants for The American Prospect series "The Great Inflation Myths."
Conference Papers
Lessons from the Inflation of 2021-202(?)
Asha Banerjee and Josh Bivens
Myth and Reality in the Great Inflation Debate: Supply Shocks and Wealth Effects in a Multipolar World Economy
Thomas Ferguson and Servaas Storm (This paper was first published by the Institute for New Economic Thinking)
Inflation and Paid Care Services in the U.S
Nancy Folbre
The Fed’s Real Reaction Function: Monetary Policy, Inflation, Unemployment, Inequality – and Presidential Politics
James K. Galbraith, Olivier Giovannoni, and Ann J. Russo
Effective Inflation Control Requires Supply-Side Policy
Marc Jarsulic (This paper was first published by the Center for American Progress)
Rethinking Supply Constraints
J.W. Mason and Arjun Jayadev
Federal Reserve Anti-Inflation Policy: Wealth Protection for the 1%?
Aaron M. Medlin and Gerald Epstein
The Political Economy of the Cost of Living Crisis in the UK: What Is to Be Done?
Özlem Onaran
Considerations on Inflation, Economic Growth, and the 2 Percent Inflation Target
Robert Pollin and Hanae Bouazza
Who Killed the Phillips Curve? A Murder Mystery
David Ratner and Jae Sim
Inflation in Times of Overlapping Emergencies: Systemically Significant Prices from an Input-Output Perspective
Isabella M. Weber, Jesús Lara Jauregui, Lucas Teixeira, and Luiza Nassif Pires
American Prospect Articles
"Learning the Right Lessons from Recent Inflation"
by Josh Bivens
"The Inflation Numbers Game"
by James K. Boyce
"Inflation in an Unequal World"
by C. P. Chandrasekhar and Jayati Ghosh
"How the Federal Reserve Protects the Top One Percent"
Gerald Epstein and Aaron Medlin
"The Unfair Costs of Care"
by Nancy Folbre
"Supply Shocks, Inflation, and the Limits of Monetary Policy"
by Marc Jarsulic
"Two Percent Inflation Targeting Harms Growth"
by Robert Pollin and Hanae Bouazza
