Speaker: Prof John Quiggin

Affiliation: University of Queensland

Online via Zoom: https://uqz.zoom.us/j/87038096161


The central point of this note is that the relationship between market power and inflation depends crucially on the source of inflationary shocks. To the extent that inflation is driven by demand shocks, firms with market power are likely to respond by increasing margins, and thereby amplifying the inflationary impact of higher demand. By contrast, imperfectly competitive markets typically display only partial cost pass-through. This analysis is relevant to debates about the role of monopoly power in recent US inflation.

About the presenter's meeting

If you would like to meet with Prof John Quiggin, please contact Dr Antonio Bellofatto

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Online via Zoom