Global Inflation Conference Research and Commentary
Supply Shocks, Inflation, and the Limits of Monetary Policy
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This article was published as part of the American Prospect‘s “Great Inflation Myths” series, which developed from PERI’s “Global Inflation Today” conference.
Marc Jarsulic argues that a major source of inflation was supply bottlenecks that were already subsiding for reasons unrelated to Federal Reserve rate hikes.
Read Marc Jarsulic’s conference paper:
Effective Inflation Control Requires Supply-Side Policy
(This paper was first published by the Center for American Progress)