1990s, a period characterized by high inflation. As inflation declined wages became less pro-cyclical, a feature that is … consistent with emerging downward wage rigidities in a low-inflation environment. Compositional effects associated with changes …

characterized by high inflation. As inflation declined wages became less pro-cyclical, a feature that is consistent with emerging … downward wage rigidities in a low inflation environment. Compositional effects associated with changes in labor participation …

reasons, i.e., that no precise statements about causality or dynamics between money growth and inflation can be inferred from … its components. These shortcomings can be tackled by estimating inflation based upon a holistic approach and the … expansions of the monetary base caused by global lockdowns, and a crash in global productivity, on inflation. The main findings …

, what in turn means that the pressure on inflation won’t drop, despite the fact that production level has not increased as …