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"Global Inflation Today" Conference Papers

Global Inflation Today: Myths vs Reality

Papers from the December PERI inflation conference include these topics: the main current inflation drivers; the relationship between inflation, economic growth, and the Fed’s 2% inflation target; inflation in the care sector; identifying systematically significant prices for inflation control; and the Fed’s real aims with inflation policies.  The American Prospect is publishing a series of shorter non-technical articles based on conference themes, including, thus far, “The Inflation Numbers Game” by James Boyce, “2% Inflation Target Harms Growth” by Robert Pollin and Hanae Bouazza and “Inflation in an Unequal World” by C.P. Chandrasekhar and Jayati Ghosh.

>> PERI Inflation Conference papers
>> American Prospect articles from Inflation Conference

>> Also read articles by conference presenters published as part of The American Prospect's "The Great Inflation Myths" series

>> Watch video of conference

Watch individual interviews with conference participants by theAnalysis.news
     >> Robert Pollin: "No Evidence to Support Fed 2% Inflation Target"
    >> Gerald Epstein: "Federal Reserve Is Throwing Workers out of Work to Save the Rich"

On December 2-3, PERI hosted a conference to explore the causes of this 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 an initial set of conference papers. We will continue to add to the remaining papers in the coming weeks.

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?
Ozlem 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


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