This paper uses the historical narrative record to determine whether inflation expectations shifted during the second … and the forecasts of contemporary business analysts, we show that inflation expectations increased dramatically. Second …, using an event-studies approach, we identify the impact on financial markets of the key events that shifted inflation …

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

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

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 …

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 …

This paper studies consumers' inflation expectations using micro-level data from the Surveys of Consumers conducted by … inflation. Equivalent results are found during recessions. …

to maintain reputation outweighs the short-run incentive to close consumption and inflation gaps, keeping the central …