Chris Conlon on the Post-COVID Inflation Surge and the Greedflation Narrative
Macro Musings with David Beckworth
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The Effect of Price on Markups
Markets are moving around and the markups are moving around. But what's really moving around both of these things over the long time horizon are like huge changes in scale. As you face a less elastic demand curve, your price cost margin should rise. Why have consumers become less price responsive? And I would say, well, that's another puzzle that we still don't have a solution for.
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