containing information on real economic activity, inflation, interest rates and Divisia monetary aggregates produces the most …

This paper examines the contribution of several supply factors to US headline inflation since the start of the COVID-19 … contributors to the US inflation during the pandemic. In contrast, labor shortages only mildly contribute to inflation, but their … inflation only towards the middle of 2022. Finally, our analysis, which also allows the identification of monetary policy and …

global inflation is substantially lower. Our findings also expose the different channels through which higher commodity …

We propose a simple, model-free way to measure price selection and its impact on inflation. Price selection exists when … selection, increases (decreases) in inflation can be amplified because adjusting prices tend to originate from levels far below … for around 36% of inflation variance in the United Kingdom and the United States, and 28% in Canada. Price selection is …

inflation dynamics that resemble the missing disinflation of that period. …

-kinked demand schedule for goods produced by firms. Our model can jointly account for the modest decline in inflation during the … Great Recession and the surge in inflation post-COVID-19. Because our model implies a stronger transmission of shocks when … inflation is high, it generates conditional heteroskedasticity in inflation and inflation risk. Hence, our model can generate …

price effects-mainly on gasoline prices-and that broader consumer price index inflation is also temporarily affected. In …