Profit-Led Inflation and Markups: A Discussion
Michalis Nikiforos, Simon Grothe, and Servaas Storm criticize Marc Lavoie’s recent take on the current inflation debate. Marc Lavoie responds.
Markups, Profit Shares, and Cost-Push-Profit-Led Inflation
To what extent is profit-led inflation compatible with what we know about the price-setting behavior of firms and income distribution?