Post-covid inflation was predominantly driven by unexpectedly strong demand forces, not only in the United States, but … inflation near its 2-percent target---would have severely hampered an already anaemic recovery …

inflation, building on our earlier work for the United States. Globally, as in the United States, pandemic-era inflation was due … bank inflation targets. As the effects of supply shocks have subsided, tight labor markets, and the rises in nominal wages …, have become relatively more important sources of inflation in many countries. In several countries, including the United …

unique survey-based measures of expected inflation, output growth, and interest rates, we estimate a small-scale New …, and other major advanced economies have similar levels of credibility (albeit far from full credibility); however, Japan … guidance less effective. In a counterfactual analysis, we document that inflation would have been significantly higher, and the …

their role in influencing the credibility of the monetary authority. We focus on measures of inflation expectations, the … mean reversion properties of inflation, and indicators of exchange rate risk. In addition we place some emphasis on whether …

the adoption of inflation targeting. However, the recent financial crisis and the call for central banks to focus more on …

industries. Meanwhile governments responded with unprecedented stimulus packages, and inflation increased to its highest values … in 40 years. In this paper I investigate the contribution of aggregate monetary and fiscal policies to inflation … heterogeneous supply curves, industry-specific shocks to inelastically supplied goods increase aggregate inflation through a cost …

This paper assesses the proximate causes of the post pandemic surge in US inflation, the Federal Reserve's real time …

We study the relation between inflation and real activity over the business cycle. We employ a Trend-Cycle VAR model to … control for low-frequency movements in inflation, unemployment, and growth that are pervasive in the post-WWII period. We show … that cyclical fluctuations of inflation are related to cyclical movements in real activity and unemployment, in line with …