We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the … inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between … discounts grew at a much lower average rate than regular prices, helping to mitigate the inflation burden. By contrast …

the Covid pandemic. Inflation responded asymmetrically to movements in demand. This helps to explain why inflation did not … most of the rise during the rebound. Inflation rates across firms have become more dispersed and skewed since the start of … the pandemic. We find that average price inflation is positively correlated with the dispersion and skewness of the …

This paper analyses the response of firms to monthly CPI inflation releases using high-frequency data from a large … economy-wide business survey. CPI inflation perceptions respond very quickly, in a matter of hours after the release. We also … find that firms' expected own-price growth has a strong positive correlation with changes in CPI inflation, particularly …

public finances. We show that when the ECB misses its inflation target this has large heterogeneous fiscal consequences for … missing their inflation targets. They are also sizeable …

-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a … breakdown of the relation between inflation and activity. To examine the first, we look at 122 recessions over the past 50 years … unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …

1974 to 2017. We find that the official annual inflation rate understates welfare-relevant inflation for the poorest …

This paper examines shifts in the output effects of unanticipated inflation in the nineteenth-century United States by …