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Inflation – transitory, then what?

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Manage episode 293405903 series 2359878
Content provided by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
US inflation is now running at 4.2% on an annual basis, and producer prices the world over have been rising as input costs for product creep up. How much of this will be passed on to the consumer as companies struggle to absorb these costs – and what impact will these higher prices have on demand? Central banks are all toeing the same line, that rising inflation is only transitory, driven by supply chain disruption, so there’s n o need for them to respond by pushing up interest rates anytime soon. But will prices bounce back? In this week’s podcast Prof Steve Keen tells Phil Dobbie that the bigger concern, post-COVID, is going to be deflation. Listen in to find out why.

Hosted on Acast. See acast.com/privacy for more information.

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546 episodes

Artwork
iconShare
 
Manage episode 293405903 series 2359878
Content provided by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Keen & Phil Dobbie, Steve Keen, and Phil Dobbie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
US inflation is now running at 4.2% on an annual basis, and producer prices the world over have been rising as input costs for product creep up. How much of this will be passed on to the consumer as companies struggle to absorb these costs – and what impact will these higher prices have on demand? Central banks are all toeing the same line, that rising inflation is only transitory, driven by supply chain disruption, so there’s n o need for them to respond by pushing up interest rates anytime soon. But will prices bounce back? In this week’s podcast Prof Steve Keen tells Phil Dobbie that the bigger concern, post-COVID, is going to be deflation. Listen in to find out why.

Hosted on Acast. See acast.com/privacy for more information.

  continue reading

546 episodes

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