#128 L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?

Patricia and Christian talk to MMT economists L. Randall Wray and Yeva Nersisyan about their most recent paper, "What's Causing Accelerating Inflation? Pandemic Or Policy Response?"   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our episodes with L. Randall Wray: https://www.patreon.com/posts/44467066   "What's Causing Accelerating Inflation: Pandemic or Policy Response?" by Yeva Nersisyan & L. Randall Wray: https://www.levyinstitute.org/publications/whats-causing-accelerating-inflation-pandemic-or-policy-response   "Still Flying Blind After All These Years: The Federal Reserve's Continuing Experiments With Unobservables" by Dimitri B. Papadimitriou & L. Randall Wray: https://www.levyinstitute.org/pubs/ppb_156.pdf   "How to Pay for the Green New Deal" by Yeva Nersisyan & L. Randall Wray: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=339898     Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318     Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701   Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543     More on inflation:   Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379   A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757   More on the Levy Economics Institute of Bard College 2022 Summer Seminar: https://www.levyinstitute.org/news/summer-seminar-2022   We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Transcript for opening monologue: https://www.patreon.com/posts/63776575   Show notes: https://www.patreon.com/posts/63776558