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We estimate a multi-country multi-sector New Keynesian model to quantify the drivers of domestic inflation during 2020-2023 in several countries, including the United States. The model matches observed inflation together with sector-level prices and wages. We further measure the relative...
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Vaccinating the world's population quickly in a pandemic has enormous health and economic benefits. We analyze the …
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each from the perspective of the rest of the world (ROW). We show that while U.S. monetary policy shocks act as financial …
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