In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that … the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which … influence the expected inflation distribution through disagreement, level shift and ambiguity. Linking these functional shocks …

. Data Overview -- V. Estimation Results -- VI. Analyzing the Robustness of the Results -- VII. Conclusion -- References … Non-hydrocarbon GDP Growth and Inflation, 1991-2010 -- 2. GCC and U.S. Nominal Short-Term Interest Rates, 2004 …

, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels … data suggests that the effectiveness of changes in policy interest rates in influencing the path of inflation appea …

Activity and inflation responded slowly to the Federal Reserve’s rate hikes in 2022. Was this because the transmission …

Intro -- Contents -- I. INTRODUCTION -- II. MACROECONOMIC VOLATILITY IN LATIN AMERICA: A HISTORICAL PERSPECTIVE -- III …

The paper takes stock of the debate on the positive link between output volatility and the size of government … government size-volatility relationship largely reflects temporary developments (better monetary management and financial …