Federal spending was responsible for the 2022 spike in inflation
Many experts and observers blamed 2022’s high inflation on the pandemic’s backlogged supply chain. New research shows that assessment is inaccurate.
Faculty
Mark P. Kritzman is a Senior Lecturer in Finance at the MIT Sloan School of Management.
Kritzman is also the president and chief executive officer of Windham Capital Management, LLC, and also serves as a senior partner of State Street Associates. He serves on the boards of the Institute for Quantitative Research in Finance and the Investment Fund for Foundations, and on the editorial boards of the Emerging Markets Review, the Financial Analysts Journal, the Journal of Alternative Investments, the Journal of Asset Management, the Journal of Derivatives, and the Journal of Investment Management.
Kritzman has written numerous articles for academic and professional journals, focusing on investing and risk management. He is the author of six books, including Puzzles of Finance and The Portable Financial Analyst.
Kritzman holds an MBA from New York University and a Chartered Financial Analyst designation.
Czasonis, Megan, Mark Kritzman, and David Turkington, MIT Sloan Working Paper 7150-24. Cambridge, MA: MIT Sloan School of Management, September 2024. SSRN.
Czasonis, Megan, Mark Kritzman, and David Turkington, MIT Sloan Working Paper 7149-24. Cambridge, MA: MIT Sloan School of Management, September 2024. SSRN.
Czasonis, Megan, Mark Kritzman, and David Turkington, MIT Sloan Working Paper 7020-24. Cambridge, MA: MIT Sloan School of Management, July 2024. SSRN.
Czasonis, Megan, Mark Kritzman, Cel Kulasekaran, and David Turkington, MIT Sloan Working Paper 6955-23. Cambridge, MA: MIT Sloan School of Management, January 2024. SSRN.
Kritzman, Mark, Huili Song, and David Turkington, MIT Sloan Working Paper 6960-23. Cambridge, MA: MIT Sloan School of Management, December 2023. SSRN.
Kinlaw, William, Mark Kritzman, and David Turkington, MIT Sloan Working Paper 6892-23. Cambridge, MA: MIT Sloan School of Management, May 2023.
Many experts and observers blamed 2022’s high inflation on the pandemic’s backlogged supply chain. New research shows that assessment is inaccurate.
Hong Ru, MFin ’10, PhD ’15, and Juno Wei Chen, MFin ’10, are grateful for the chance to give back to the place where they met and set off on their respective career paths.
"Our research shows mathematically that the overwhelming driver of that burst of inflation in 2022 was federal spending, not the supply chain."