Inflation is driven by structural and institutional factors beyond the monetary mechanisms identified by Friedman
the verdict
SUPPORTED
the evidence backs this
confidence 82/100
The retrieved evidence strongly supports the claim that inflation is shaped by structural, institutional, and cost-push factors—such as supply shocks, exchange rates, and profit-mark-up dynamics—beyond strict monetary mechanisms.
Evidence for · 3
The Baffling New Inflation: How Cost-Push Inflation Theories Influenced Policy Debate in the Late-1950s United States
2015 · cited by 14
Paper 0 documents historical cost-push inflation theories emphasizing autonomous increases in wages and production costs beyond mere excess aggregate demand.
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More for · 2
Determinants of Inflation in Jamaica
2023 · cited by 0
Paper 6 finds empirical evidence that structural factors such as exchange rates, agricultural output, government expenditure, and oil prices significantly drive inflation.
Monetary Tightening without Disinflation: A Post-Keynesian Account of Cost-Push Pressures, Mark-Up Dynamics, and Conflict Inflation
2026 · cited by 0
Paper 9 provides a post-Keynesian account demonstrating that inflation is heavily driven by cost propagation, mark-up dynamics, and distributional conflict rather than solely monetary mechanisms.