Post-covid inflation was predominantly driven by unexpectedly strong demand forces, not only in the United States, but … inflation near its 2-percent target---would have severely hampered an already anaemic recovery …

marginal cost is difficult to do. Stock and Watson (1999) use the Phillips Curve to forecast inflation for a variety of … Phillips Curve to conduct pseudo out-of-sample inflation forecasts for the US using: output, unemployment, hours, the labor …

In this paper, we formulate a statistical model of inflation that combines data on survey expectations and the … inflation target set by central banks.. Our model produces inflation forecasts that are aligned with survey expectations … the inflation target set by the monetary authority to examine the effectiveness of monetary policy in forming inflation …

:05 suggests the presence of seasonality in the conditional variance of inflation. Thus, inferences for the models that do not …

The inflation measure used by the European Central Bank excludes housing costs that are borne by home owners even … repayments. The user cost measure is combined with the HICP to derive a “broad” inflation estimate. For the sake of comparison … costs have an impact. Another important conclusion is that the effect of owner-occupied housing costs on inflation varies …

to inflation explains only a tiny fraction of the variation in nonzero nominal price changes, (b) stores whose last … variability is not related to inflation. (Copyright: Elsevier) …

inflation, building on our earlier work for the United States. Globally, as in the United States, pandemic-era inflation was due … bank inflation targets. As the effects of supply shocks have subsided, tight labor markets, and the rises in nominal wages …, have become relatively more important sources of inflation in many countries. In several countries, including the United …

We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the … inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between … discounts grew at a much lower average rate than regular prices, helping to mitigate the inflation burden. By contrast …

Unemployment is low and inflation is falling, but consumer sentiment remains depressed. This has confounded economists … official inflation are strongly correlated with borrowing costs and consumer credit supply. Concerns over borrowing costs … alternative measures of inflation that include borrowing costs and can account for almost three quarters of the gap in US consumer …