large current account deficit or rise in inflation or interest rates, a rising inflow of external capital, accompanied by … the RBI’s sterilizing these inflows and accumulating large reserves, even in the face of low inflation. We offer a …

This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker’s disinflation (1979-1982). My … the behavior of inflation expectations - agents expected shocks to persist in the pre-Volcker period, but not in the post …

This study presents a framework for extracting long-run GDP growth and inflation expectations from financial market … inflation expectations for the euro area and for the United States. …

equities fail the test as inflation hedges, as had been quite widely believed, but that they take so long to pass. …

based on the Fiscal Theory of the Price Level (FTPL). The re sults show that a credibly fixed exchange rate is inconsistent …