May 16 2022 16 mins 1
Welcome back to the Expanding Economics Podcast! This episode is part one of a three-part series on inflation. As inflationary pressures continue to rise throughout the world, we look at how we got here, what it signals for future economic outcomes and what economic theory does or does not have to say about it. In part one we start with the impact of the pandemic and government fiscal policies on supply chains, aggregate demand and employment. To what extent was government intervention necessary to help keep the economy afloat and what trade-offs had to be made and could we have done better? While there are no clear-cut answers, in this episode we attempt to make a start at dissecting such issues. Thanks for listening and stay tuned for part two!
