Chris Conlon on the Post-COVID Inflation Surge and the Greedflation Narrative
Macro Musings with David Beckworth
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The Potential for Firms to Raise Prices in 2021
The Kansas City Fed paper says profits went up first, but it's not an unreasonable idea to think what actually could have happened is we've facing strong demands. And so if they can raise prices faster than workers can raise wages, or that other upstream firms, you know, in these sort of business to business contracts can raise prices. It's not so surprising that we see consumer facing prices go up more quickly, right? I don't have the perspective of a macroeconomist. No, there's always a question in these macro models, like particularly these sticky price models, like who gets to move first and who gets to adjust their prices?
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