at the empirical drivers behind these trends. It uses a reduced-form model that relates private savings to a set of … savings in these economies. Looking ahead, the prospective population aging is likely to lead to a considerable fall in saving …

It has been widely documented that households experience different inflation rates which are generally concealed in … individual households and try to explain the causes for the observed inflation differences. Considering not only consumption … among household inflation rates. These are also quite variable over time, resulting from varying consumption baskets and …

By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this … forecast error variance in inflation at the 12-month horizon. While the contemporaneous correlation between inflation and … relative price asymmetry is positive, idiosyncratic shocks lead to a substantial build-up in inflation only after two to five …

potential and stationary inflation. This paper applies the method recently suggested by Laubach and Williams to jointly estimate … area was on average stimulative during the 1960s and the 1970s, while it contributed to dampen the output gap and inflation …

equilibrium interest rate (r*), trend inflation (π*), and term premia. Similar to Bauer and Rudebusch (2020, AER), π* and r …