the Phillips curve over time. We consider different specifications and different measures for inflation. Furthermore, we ….S. headline inflation has remained empirically relevant over the years. …

consider the implications of a risk premium that arises from endogenous market segmentation driven by variable inflation rates …. In the absence of autocorrelation in inflation, the risk premium is constant. If inflation is correlated, however, the …

We discuss the timing and strength of the Fed's reaction to the recent inflation surge within an estimated … macroeconomic model where long-run inflation expectations are heterogeneous and can lose their anchoring to the target. The … resulting inflation scare worsens the real cost of disinflation. We derive a closed-form solution that retains the entire time …

active monetary policy and stronger fiscal feedbacks from debt on taxes can lead to less volatile inflation and debt dynamics …