Elasticity’s False Promise: Why the 2021‑24 Inflation Episode Demands a Supply‑Side Lens, Not a Monetary Hammer

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.