I investigate the effects of an increase in the nominal interest rate on inflation and output in the United States and …, nominal interest-rate increases that are perceived to be permanent cause a temporary decline in real rates with inflation … adjusting faster than the nominal interest rate to a higher permanent level. Estimated impulse responses show that inflation …

adamant about preventing a rise in inflation? The large fiscal imbalance brings about inflationary pressures, triggering a … spiral of higher inflation, output contraction, and further debt accumulation. A coordinated commitment to inflate away the …

extensive case study, we demonstrate how incorporating survey data on inflation expectations can address a number of otherwise …

We show that personal experiences of inflation strongly influence the hawkish or dovish leanings of central bankers … their lifetime inflation data. The resulting experience-based forecasts have significant predictive power for members' FOMC … voting decisions, the hawkishness of the tone of their speeches, as well as the heterogeneity in their semi-annual inflation …

The paper gives an economic-history perspective of the long struggle with inflation. It covers the early acceleration … inflationary expectation, and consequently to sharp inflation reduction to two-digit levels; The convergence to the advanced …