We study how the recent run-up in housing and rental prices affects the outlook for inflation in the United States …. Housing held down overall inflation in 2021. Despite record growth in private market-based measures of home prices and rents …, government measured residential services inflation was only four percent for the twelve months ending in January 2022. After …

in inflation. Coincident with these trends has been a surge in U.S. wealth inequality, with the Gini coefficient up by 0 …, this paper differs from previous work by focusing on only the direct effects of interest rate changes and inflation on the …

for inflation dynamics …

Our current inflation stemmed from a fiscal shock. The Fed is slow to react. Why? Will the Fed's slow reaction spur … more inflation? I write a simple model that encompasses the Fed's mild projections and its slow reaction, and traditional … views that inflation will surge without swift rate rises. The key question is whether expectations are forward looking or …

As the pandemic spread across the U.S., disagreement among U.S. households about inflation expectations surged along … with the mean perceived and expected level of inflation. Simultaneously, the inflation experienced by households became … between the inflation experienced by households in their daily shopping and their perceived and expected levels of inflation …

The rise, fall, and stabilization of US inflation between 1969 and 2005 is consistent with a model of shifting policy … sector learning about policymaker type. Using model-implied inflation forecasting rules to extract state variables from the … inflation forecasts in the Survey of Professional Forecasters, we provide evidence that policy regimes without commitment …