Price and prejudice: reflections on the return of inflation and ideology*,**

IF 1.8 3区经济学 Q2 ECONOMICS

Review of Keynesian Economics Pub Date : 2023-04-14 DOI:10.4337/roke.2023.02.02

M. Vernengo, Esteban Pérez Caldentey

引用次数: 1

Abstract

The current debate on the causes of inflation is dominated by a particular view of what caused the inflationary acceleration in the 1970s, the so-called Great Inflation. In this view, inflation is always and everywhere a demand phenomenon and requires contractionary monetary policy to be kept under control. The alternative view put forward by many heterodox authors emphasize what might be termed the oligopolistic view of inflation. In this paper, we trace the limitations of both views for the center and the periphery.

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价格与偏见：对通货膨胀与意识形态回归的思考***

目前关于通货膨胀原因的辩论主要是关于20世纪70年代通货膨胀加速的原因的一种特殊观点，即所谓的大通货膨胀。在这种观点中，通货膨胀始终是一种需求现象，需要控制紧缩性货币政策。许多异端作者提出的另一种观点强调了所谓的寡头垄断通胀观。在本文中，我们追踪了中心和外围两种视图的局限性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Keynesian Economics ECONOMICS-

CiteScore

3.10

自引率

12.50%

发文量

期刊介绍： The Review of Keynesian Economics (ROKE) is dedicated to the promotion of research in Keynesian economics. Not only does that include Keynesian ideas about macroeconomic theory and policy, it also extends to microeconomic and meso-economic analysis and relevant empirical and historical research. The journal provides a forum for developing and disseminating Keynesian ideas, and intends to encourage critical exchange with other macroeconomic paradigms. The journal is dedicated to the development of Keynesian theory and policy. In our view, Keynesian theory should hold a similar place in economics to that held by the theory of evolution in biology. Many individual economists still work within the Keynesian paradigm, but intellectual success demands institutional support that can leverage those individual efforts. The journal offers such support by providing a forum for developing and sharing Keynesian ideas. Not only does that include ideas about macroeconomic theory and policy, it also extends to microeconomic and meso-economic analysis and relevant empirical and historical research. We see a bright future for the Keynesian approach to macroeconomics and invite the economics profession to join us by subscribing to the journal and submitting manuscripts.