Get Ready for a Big Rethink on Inflation
In this episode of Odd Lots, Isabella Weber talks about “sellers’ inflation” and how the way the world thinks about rising prices is changing.
Isabella Weber on the Big Inflation Rethink
Earlier this year, Odd Lots talked about the idea of companies taking advantage of bottlenecks and other disruptions to raise prices. Since then, the notion of this type of corporate-led inflation has burst into the public discourse, with central bankers and politicians taking a closer look.
But how does this type of inflation differ from more traditional economic interpretations of prices? And what are the implications for monetary and economic policy? In this episode of Odd Lots, we talk once again to Isabella Weber, the University of Massachusetts, Amherst, economics professor who dubbed the phenomenon “sellers’ inflation.” She talks about how the way we think about inflation is changing in real time.