. Thus, financial repression is most successful in liquidating debts when accompanied by a steady dose of inflation …. Inflation need not take market participants entirely by surprise and, in effect, it need not be very high (by historic standards …

that private sector deleveraging during a downturn helps to induce a stronger recovery. Both results hold even after …

between deleveraging and the speed of recovery does not seem to arise due to limited data. In fact, our data shows that … faster recoveries. Our results contradict the current consensus that private sector deleveraging is necessarily harmful for …

increases in China for global inflation pressures are also discussed. …

Several countries are concurrently experiencing historically low inflation rates and ageing populations. Is there a …-frequency inflation. In particular, a larger share of dependents (ie young and old) is correlated with higher inflation, while a larger … share of working age cohorts is correlated with lower inflation. The results are robust to different country samples, time …

The headline consumer price inflation (CPI) is often considered too noisy, narrowly defined, and/or slowly available … for policymaking. On the other hand, traditional core inflation measures may reduce volatility but do not address other … issues and may even exclude important information. This paper develops a new underlying inflation gauge (UIG) for China which …

Monetary policymakers and long-term investors would benefit greatly from a measure of underlying inflation that uses … all relevant information, is available in real-time, and forecasts inflation better than traditional underlying inflation … measures such as core inflation measures. This paper presents the "Federal Reserve Bank of New York (FRBNY) Staff Underlying …