expected means of future interest rates, exchange rates and inflation. More recently, these methods have been refined to rely …

good job of explaining the deviations of household inflation and unemployment expectations from the `rational expectations … of different demographic groups have sharply different predictions for macroeconomic aggregates like the inflation rate …

What is the effect of higher expectations of future inflation on current inflation? I compute this passthrough for a … most, expectations of long-run inflation are completely irrelevant; (v) I provide a generalized Phillips curve for current … inflation as a linear function of expectations of future inflation and realized past inflations; (vi) I show that the sum of all …

explaining bouts of inflation. We begin by showing that a quasi-flat Phillips curve, which was popular prior to the pandemic …, still fits the post-2020 US data well and that changes in short term inflation expectations induced by supply shocks likely … played a major role in the recent inflation episode. We then document features of the joint dynamics of inflation and …

formation and inflation in a number of small, classical macroeconomic models. This amounts to reworking some of the government … crowding-out pressure it represents. A better measure would be the inflation-and-real-growth-corrected, cyclically adjusted …-Wallace "paradox" - in the variable velocity model ,lower monetary growth now may mean higher inflation now and in the future -has its …

This paper investigates the hypothesis that surprise changes in the money supply and anticipated inflation (the Mundell … surprises and expected real interest or an inverse relationship between anticipated inflation and expected real interest. These …

followed the German hyper-inflation. Significant real dislocations arose after the monetary reform; and these can be attributed … to a government policy which subsidized heavy industry through the inflation tax proceeds. The "credibility problem …