集団合意形成の失敗としてのインフレ - himaginary’s diaryについてブランシャールとクルーグマンがツイッターで論陣を張っている。 まずはその点を提起したブランシャールのツイート。 1/8. A point which is often lost in discussions of inflation and central bank policy. Inflation is fundamentally the outcome of the distributional conflict, between firms, workers, and taxpayers. It stops only when the various players are forced to accept the outcome. 2/8. The source of the conflict may be too hot an economy: In the labor
