Coordinated Effects in Times of Inflation

The potential for unilateral announcements to facilitate coordination is well established. Nonetheless, enforcement against such announcements is low. With inflation at levels higher than that seen in recent decades, competition authorities will be under pressure to do all they can to keep prices low. As with other times, there appears to be no reason to believe that public announcements could not be used to facilitate coordination in times of inflation, and could even be more likely given the p