Guido Ascari

How did inflation get so high?

Our DNB Analysis

Suerf Cols that summarizes it

You can look at this analysis with Paolo Bonomolo, Marco Hoeberichts  and Riccardo Trezzi (PhD), where we present a narrative of the recent inflation surge in the Euro Area, based on a simple Macro101 AS-AD diagram, backed by empirical evidence. We contrast the widespread view that merely focuses on energy prices and supply constraints with a more complex narrative, where both supply and demand factors contributed to the inflation surge and their relative contribution evolved over time.