More Thoughts on the Great Inflation Debate (Baker)

More Thoughts on the Great Inflation Debate by Dean Baker published by CEPR (1/2022).

“With inflation remaining stubbornly high for longer than I, and many others, expected, I want to take another stab at the argument of the inflation hawks. As a jumping off point, I will use the argument put forward by Larry Summers and Jason Furman, probably the two most prominent and coherent economists arguing that we have underestimated the risks of persistently high inflation…”