expectations following a shock to inflation, inflation expectations, and oil prices. For the 13 countries that adopted inflation … earlier and the later subperiods. A shock leads to a positive, significant, and persistent increase inflation expectations in …Using survey data of inflation expectations across a 36 developed and developing countries, this paper examines whether …

financial policy and analysis covering four areas: the emergence and taming of the great inflation, developments in US external …

policy response to this type of shock, when governments cooperate on both fiscal and monetary policy. Adjusting to a large … negative demand shock requires raising world aggregate demand, as well as redirecting demand towards the source (home) country …. ; The key feature of demand shocks in a liquidity trap is that relative prices respond perversely. A negative shock causes …

than it might have been. At the level of macroeconomic theory and modelling, this experience suggests that basic Keynesian …

Remarks before the Dallas Friday Group, Dallas, Texas, October 21, 2011 ; "Absent some shock, I envision a slow but …