Speakers:
Consumer anger is mounting, executives are on the defensive and politicians are scrambling to respond. The issue of ‘greedflation’ is inflaming the public discourse around inflation – but to what extent are companies really responsible for driving up prices in advanced economies, and do they therefore have a role to play in cooling them?
Senior Economic Advisor Vicky Redwood and Senior Global Economist Simon MacAdam held a special briefing about Simon’s new analysis on why the ‘greedflation’ debate is fundamentally flawed – and what that means for the inflation and policy outlook. Ruth Gregory, our Deputy Chief UK Economist, was also on hand to explain what the ‘greedflation’ debate looks like from a UK economic and policy perspective.
During this 20-minute session, the team addressed key issues, including:
- What’s wrong with claims that companies are responsible for driving up inflation;
- The role that companies could play in cooling price pressures;
- The economic risks around the policy response to ‘greedflation’.
