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The post-pandemic inflation debate : a critical review
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Autores
Orientador(es)
Resumo(s)
This article provides a critical review of the post-pandemic inflation debate. The first part structures the
debate through the classification of the arguments into two broad categories (the neoclassical view and the
critical political economy view) along with several subcategories. The classification is informed by the
positions assumed by debate participants regarding the origin and propagation mechanisms of inflation,
together with the economic policy solutions advanced to face the current inflationary episode. The second
part is focused on showing that the hegemony of contractionary monetary policy as a policy response to
address contemporary inflation is based on weak foundations, whose theoretical and empirical arguments
have been consistently and convincingly disputed in critical political economy circles over the last decades.
Descrição
Palavras-chave
Inflation pandemic critical political economy neoclassical economics central banks monetary policy
Contexto Educativo
Citação
Martins, Diogo (2024). "The post-pandemic inflation debate : a critical review". REM Working paper series, nº 0308/2024
Editora
ISEG – REM (Research in Economics and Mathematics)