“We expected it to be elevated because of Putin’s invasion; because of the impact on energy prices.” – Jen Psaki
Is ‘Putin’s Price Hike’ real? Are supply chain disturbances the most significant source of inflation, or is there more to the story?
Thomas Hogan gives us his perspective on the causes of inflation.
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Thomas L. Hogan
Thomas L. Hogan, Ph.D., is senior research faculty at AIER. He was formerly the chief economist for the U.S. Senate Committee on Banking, Housing and Urban Affairs. He has also worked at Rice University’s Baker Institute for Public Policy, Troy University, West Texas A&M University, the Cato Institute, the World Bank, Merrill Lynch’s commodity trading group and for investment firms in the U.S. and Europe. Dr. Hogan’s research has been published in academic journals such as the Journal of Macroeconomics and the Journal of Money, Credit and Banking. He has appeared on programs such as BBC World News, Stossel TV, and Bloomberg Radio and has been quoted by news outlets including CNN Business, American Banker, and the National Review.
Selected Publications
“Bank Lending and Interest on Excess Reserves: An Empirical Investigation,” Journal of Macroeconomics, Forthcoming.
“The Calculus of Dissent: Bias and Diversity in FOMC Projections,” Public Choice 19: 105-135 (2022).
“Hayek, Cassel, and the Origins of the Great Depression,” (with Lawrence H. White) Journal of Economic Behavior & Organization, 181: 241-251 (2021).
“Has Dodd-Frank Affected Bank Expenses?” (with Scott Burns) Journal of Regulatory Economics, 55(2): 214–236 (2019).
“Ben Bernanke and Bagehot’s Rules” (with Linh Le and Alexander William Salter) Journal of Money, Credit & Banking 47(2-3): 333-348 (2015).
Kate Wand
Kate Wand is a content creator. Her focus is social commentary and filmmaking. She is the host of AIER’s Liberty Curious podcast.
You can follow her on Twitter @katewand.
