inflation in the 2020s. Economic slack is measured as firms' job vacancies over the number of unemployed workers. After showing …. Policy implications include the thesis that appropriate monetary policy can bring inflation down without a significant …

This paper provides new evidence on a long-standing question asked by Shiller (1997): Why do we dislike inflation? I … inflation and their reactions to it. The predominant reason for people's aversion to inflation is the widespread belief that it …-income groups. Inflation also provokes stress, emotional responses, and a sense of inequity, as the wages of high-income individuals …

variables influence cross-country resilience regarding exchange rates, interest rates, stock prices, inflation, and growth …-2023. Cross-sectional regressions reveal that limiting inflation, active management of precautionary buffers of international … variables for financial development, central bank independence, and the inflation rate preceding the cycles. These findings may …

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 …

This paper studies people's understanding of inflation--their perceived causes, consequences, trade-offs--and the … views align with established economic theories. Our key findings show that the major perceived causes of inflation include … negative consequences of inflation but the most noted one is the increased complexity and difficulty in household decision …

inflation. We construct daily revisions to expectations of future nominal interest rates and inflation that are priced into … nominal and inflation-protected bonds, and find that the relation between these two variables-positive and stable for over … considered in the literature, these results are indicative of a monetary authority that places less weight on inflation …