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Mark Blyth and Nicolò Fraccaroli, "Inflation: A Guide for Users and Losers" (W. W. Norton & Co, 2025)

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Rethinking Inflation Narratives

This chapter examines how political perspectives influence the understanding of inflation, challenging the notion that excessive money supply is the main cause. It highlights the role of supply shocks and historical lessons, particularly from the 1970s, in shaping contemporary inflationary trends and dynamics in the labor market.

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