"We argue that market power by some corporations and in some sectors – including temporary market power emerging in the aftermath of the pandemic – amplified inflation. It made price increases peak higher and remain more persistent than they would have been in a world with less market power. To be clear: corporate profits were thus not the sole driver of inflation, nor are dominant corporations to blame for the energy shock
caused by Russia’s invasion of Ukraine. But we argue that their market power exacerbated the fallout – and that this is not sufficiently captured in the prevailing macroeconomic debate or in workhorse models."
"We argue that market power by some corporations and in some sectors – including temporary market power emerging in the aftermath of the pandemic – amplified inflation. It made price increases peak higher and remain more persistent than they would have been in a world with less market power. To be clear: corporate profits were thus not the sole driver of inflation, nor are dominant corporations to blame for the energy shock
caused by Russia’s invasion of Ukraine. But we argue that their market power exacerbated the fallout – and that this is not sufficiently captured in the prevailing macroeconomic
debate or in workhorse models."
"We argue that market power by some corporations and in some sectors – including
temporary market power emerging in the aftermath of the pandemic – amplified inflation.
It made price increases peak higher and remain more persistent than they would have
been in a world with less market power. To be clear: corporate profits were thus not the
sole driver of inflation, nor are dominant corporations to blame for the energy shock
caused by Russia’s invasion of Ukraine. But we argue that their market power exacerbated
the fallout – and that this is not sufficiently captured in the prevailing macroeconomic
debate or in workhorse models."
Imo, it's true that many voters aren't content with slowing #inflation; they want all prices to fall (which would require a depression).
This said, we have actually seen straight up deflation for many high-salience items. The 34% drop in the cost of health insurance seems especially under-discussed.
These lines from #therestaurantattheendoftheuniverse by #douglasadams are a satire on the extent of selfishness and shortsightedness we as humans can be sometimes prone to, as seen all too commonly around us.
With the price increase in every single tech subscription service of today already happening or coming, I think it's high time to reconsider whether we really need all the streaming, video games, task management programs, etc.
Because I understand the rising costs of living, but some companies are being utterly rude toward their paying customers.
Ist die EZB machtlos gegen die hartnäckig hohe Inflation?
Die Inflation bleibt viel zu hoch. Ob die EZB die Zinsen weiter erhöht, ist unklar. Kritiker geben den Geldpolitikern ohnehin keine Chance mehr: Die aktuelle Teuerung sei mit ihren Mitteln nicht zu bändigen. Von K.-R. Jackisch.
Today in Labor History August 18, 1812: Lady Ludd led the Luddite Corn Market riot of women and boys in Leeds, England. Luddites also rioted in Sheffield against flour and meal sellers. England was suffering huge food shortages and inflation at the time, in part because of the War of 1812, which had started in June, and the ongoing Napoleonic wars. Additionally, new technological innovations were allowing mill owners to replace many of their employees with machines. In response, Luddites would destroy looms and other equipment. To try and get control over these worker outrages, the British authorities made illegal oath-taking punishable by death in July 1812. And they also empowered magistrates to forcibly enter private homes to search for weapons. They also stationed thousands of troops in areas where rioting and looting had occurred over the summer.
“Shirley” (1849), Charlotte Bronte’s second novel, takes place in Yorkshire, 1811-1812, during the Luddite uprisings. It was originally published under the pseudonym, Currer Bell. The novel opens with a ruthless mill owner waiting for the delivery of new, cost-saving equipment that will allow him to fire many of his workers, but Luddites destroy the equipment before it reaches him. As a result of the novel’s popularity, Shirley became a popular female name. Prior to this, it was mostly a male name.
Eisdielen-Verband wehrt sich gegen Kritik an hohen Kugel-Preisen
Viele Verbraucher beschweren sich über die hohen Preise für eine Kugel Eis in Deutschland. Jetzt melden sich Eisdielenbesitzer zu Wort: Sie halten die Kritik für nicht gerechtfertigt.
Ist Spaniens Inflationsbekämpfung wirksamer als die deutsche?
Die Inflation in Deutschland geht langsamer zurück als in anderen europäischen Ländern, etwa Spanien. Woran liegt das? Und was hat die Teuerung mit den Konsumgewohnheiten zu tun? Von Ingo Nathusius.