groups in the dispersion of household-specific rates of inflation. Using survey data on inflation expectations, I show that … demographic groups with greater dispersion in experienced inflation also disagree more about future inflation. I argue that these … results can be rationalized from the perspective of an imperfect information model in which idiosyncratic inflation experience …

empirical stylized facts. Pricing patterns mostly conform to these patterns. Most price changes are positive, and inflation is …

model does a good job of accounting for the joint behavior of labor and goods markets, as well as inflation, during the … capital played critical roles in accounting for the small size of the drop in inflation that occurred during the Great …

strengthen the countercyclical behavior of markups and attenuate the response of inflation to fluctuations in output. …

I revisit the Great Inflation and the Great Moderation. I document an immoderation in corporate balance sheet variables … size of shocks and the institutional framework is estimated. The paper shows that (i) while the Great Inflation was driven …