The Post-Pandemic Inflation Debate: A Critical Review
This article offers a critical review of the post-pandemic inflation debate. The first section organizes the debate by categorizing the arguments into two broad perspectives: the neoclassical view and the critical political economy view, along with several subcategories. This classification is guid...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2025-01-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18549 |
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| author | Diogo Martins |
| author_facet | Diogo Martins |
| author_sort | Diogo Martins |
| collection | DOAJ |
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This article offers a critical review of the post-pandemic inflation debate. The first section organizes the debate by categorizing the arguments into two broad perspectives: the neoclassical view and the critical political economy view, along with several subcategories. This classification is guided by the positions that participants in the debate took regarding the origins and propagation mechanisms of inflation, as well as the economic policy solutions proposed to address the current inflationary period. The second section highlights that the dominance of contractionary monetary policy as the primary response to contemporary inflation rests on weak foundations, with its theoretical and empirical justifications having been consistently and convincingly challenged by critical political economy circles over the past decades.
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| format | Article |
| id | doaj-art-3844e898b4cc49c8b62023394e668fe8 |
| institution | Kabale University |
| issn | 2037-3635 2037-3643 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj-art-3844e898b4cc49c8b62023394e668fe82025-02-02T12:06:56ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432025-01-017731110.13133/2037-3643/18549The Post-Pandemic Inflation Debate: A Critical ReviewDiogo Martins0University of Massachusetts Amherst This article offers a critical review of the post-pandemic inflation debate. The first section organizes the debate by categorizing the arguments into two broad perspectives: the neoclassical view and the critical political economy view, along with several subcategories. This classification is guided by the positions that participants in the debate took regarding the origins and propagation mechanisms of inflation, as well as the economic policy solutions proposed to address the current inflationary period. The second section highlights that the dominance of contractionary monetary policy as the primary response to contemporary inflation rests on weak foundations, with its theoretical and empirical justifications having been consistently and convincingly challenged by critical political economy circles over the past decades. https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18549inflationpandemiccritical political economyNeoclassical economicscentral banksmonetary policy |
| spellingShingle | Diogo Martins The Post-Pandemic Inflation Debate: A Critical Review PSL Quarterly Review inflation pandemic critical political economy Neoclassical economics central banks monetary policy |
| title | The Post-Pandemic Inflation Debate: A Critical Review |
| title_full | The Post-Pandemic Inflation Debate: A Critical Review |
| title_fullStr | The Post-Pandemic Inflation Debate: A Critical Review |
| title_full_unstemmed | The Post-Pandemic Inflation Debate: A Critical Review |
| title_short | The Post-Pandemic Inflation Debate: A Critical Review |
| title_sort | post pandemic inflation debate a critical review |
| topic | inflation pandemic critical political economy Neoclassical economics central banks monetary policy |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/18549 |
| work_keys_str_mv | AT diogomartins thepostpandemicinflationdebateacriticalreview AT diogomartins postpandemicinflationdebateacriticalreview |