Corporate profits don't cause inflation
Rising corporate profits and inflation are both symptoms of excess aggregate demand
A new working paper from the IMF identifies corporate profits as the biggest contributor to inflation in the Euro area. “Rising corporate profits account for almost half the increase in Europe’s inflation over the past…
Keep reading with a 7-day free trial
Subscribe to COPPOLA COMMENT to keep reading this post and get 7 days of free access to the full post archives.