27 FMM Conference - Causes of Inflation - Plenary Session I - Eckhard Hein
Plenary Session 1 - Causes of Inflation
Inflation is always and everywhere … a conflict phenomenon: post Keynesian inflation theory and energy price driven conflict inflation, distribution, demand and employment
Eckhard Hein (Berlin School of Economics and Law)
Eckhard Hein opens the first plenary sessions and explains how conflict causes inflation. By explaining various post-Keynesian frameworks, he argues that inflation is always and everywhere a conflict phenomenon.
27 FMM Conference - Inflation, Distributional Conflict and Just Transition
At the core of the 27th FMM Conference was the question of how to explain the economic phenomenon of inflation. It focused not only on the causes of inflation, but also on its impacts and how to fight it, all of it topics dominating the public discourse. These themes interact in complex ways with distributional concerns and the ecological transformation. The causes of the current inflation remain controversial. What are the relevant weights, in different countries, of supply-side constraints, demand-side factors, mark-up power of firms, or speculation in commodity markets? What is the interaction between these factors and the role of distributional conflict between societal groups, both in driving inflation and in responding to it? Is the green transition itself a source of inflationary pressure or part of the solution? How can a just transition be achieved? What are the likely prospects for inflation given structural changes in emerging markets and demographic trends? These and more questions were discussed at the 2023 Conference.
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