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https://www.wsj.com/articles/why-inflation-erupted-two-top-economists-have-the-answer-6919042c

Why Inflation Erupted: Two Top Economists Have the Answer

Former Fed chair, IMF chief economist say it wasn’t pandemic or stimulus; it was the pandemic, then the stimulus

Greg Ip hedcutBy Greg Ip
For inflation to fade, the economy has to cool off, which means a weaker labor market. Photo: Alex Wong/Getty Images

For two years debate has raged over what caused the highest inflation since the 1980s: government stimulus or pandemic-related disruptions.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.