Fiscal deficits, elevated debt-to-GDP ratios, and high inflation rates suggest hyperinflation could have potentially … functions show that increased uncertainty caused a rise in inflation contemporaneously and for a few months afterward in GAPH … elevated economic uncertainty directly affected inflation dynamics and the incidence of hyperinflation during the interwar …

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … tax brackets slowly to a rise in prices, typically less often than once every other year in the US post-war history. We … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …

happened had inflation been higher. Second, wages (and prices) are given in nominal contracts, and inflation affects both how …This paper reviews the literature on the effects of low steady-state inflation on wage formation, focusing on four … different effects. First, under low inflation, downward nominal wage rigidity (DNWR) may prevent real wage cuts that would have …

stronger bargaining position when they try to prevent a cut in money wages. If inflation is so low that some money wages have … to be cut, workers stronger bargaining position requires higher unemployment in equilibrium. However, inflation is more … stable when money wage rigidity binds, providing an incentive for monetary policy makers to choose a low target for inflation …

This paper aims to show why Irving Fisher's own data on interest rates and inflation in New York, London, Paris, Berlin … changes in inflation, not even in the long run. In Fisher's data, interest rates have more persistence than inflation and … change less than inflation over time. The Fisher effect is a misnomer unless it is taken to refer to what Fisher actually …

costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …This paper studies how the depreciation of sterling following the Brexit referendum affected consumer prices in the … imported inputs in domestic production. Our results are consistent with complete pass-through of import costs to consumer …

We study how domestic and global output gaps affect CPI inflation. We use a New-Keynesian Phillips curve framework …1-2017Q4 period. We find broadly that both global and domestic output gaps are significant drivers of inflation both in … output gaps on inflation. …

This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics …%-30% of inflation volatility. In addition, large autonomous swings in international food prices contributed significantly to … food retail prices through the food production chain, but also trigger indirect effects via rising inflation expectations …

We examine the relationship between inflation and fiscal sustainability with a two-step approach. In the first step, we … various measures of inflation such as headline inflation, core inflation, energy inflation, and food inflation affect the … estimate of fiscal sustainability found previously. Our findings indicate that higher inflation rates contribute positively to …

Predictions of oil prices reaching $100 per barrel during the winter of 2021/22 have raised fears of persistently high … inflation and rising inflation expectations for years to come. We show that these concerns have been overstated. A $100 oil … scenario of the type discussed by many observers, would only briefly raise monthly headline inflation, before fading rather …