OPINIONS | June 3, 2025 How French Firms Navigated the Inflation Surge: Lessons for Expectations and Decision-Making As inflation surged across the globe in the aftermath of the COVID-19 pandemic and the war in Ukraine, economists and policymakers worried that rising inflation expectations could become entrenched and drive a wage-price spiral. While much of the attention on expectations focused on households and financial markets, relatively little was known about the expectations of firms—the agents directly responsible for setting prices and wages… Read more Learn More RESEARCH Learn More OPINIONS Learn More JOB MARKET STUDENTS PARTNER WITH EMPCT When you make a gift to support EMPCT, you help us contribute to the advancement of macroeconomic understanding and policy design. Find out more. Give Now > CONNECT WITH EMPCT Would you like to connect? Please click on the link below. CONTACT US