The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively … high inflation to a low-growth period with exceptionally low inflation since the early 1990s. We show based on a stylized …

The return of persistent inflation in OECD countries has been the most significant macroeconomic phenomenon in recent … maintain their levels of profitability in each of the European economies analysed, confirming that inflation hikes were led by … surging profits. This implies that the introduction or strengthening of price controls would help to rapidly bring inflation …