During the Great Recession, despite the large fall in output, inflation did not fall much. This is known as the missing … inflation during the Great Recession. We show that inflation did not fall much because intermediate goods prices were increasing …

During the Great Recession, despite the large fall in output, inflation did not fall much. This is known as the missing … stable inflation during the Great Recession. We show that inflation did not fall much because intermediate goods prices were …

Financial crises have been followed by different inflation paths which are related to monetary policy and money … relationship between money and subsequent inflation developments has remained stable and similar in crisis and normal times. This … analysis can explain why the financial crisis in Argentina in the early 2000s was followed by increasing inflation, whereas …

July 9, 2019 – Inflation ... …

Low and unresponsive inflation has been termed a “puzzle.” The paper describes a formula for which these conditions … variability of forward long-term inflation. Its U.S. inflation forecasts are comparable to recognized leaders in accuracy with … potential applicability to international economies as well.Inflation Elasticity, the responsiveness of inflation to monetary …

interpret the evolution of the central bank independence from the Great Inflation and during the Great Moderation – i.e. from …

consists of a self-fulfilling belief linking the stability of inflation to the smoothness of the interest rate path. A policy … focusing only on a fixed-horizon inflation forecast neglects the potential effects of this belief on the variance of inflation …

Two extraordinary inflation surprises of the last generation were the longstanding inflation shortfall from central … bank targets and now the pandemic inflationary.Inflation shortfalls can be attributed to characteristics of monetary … inflation. Compounding this problem is a base level of inflation from non-monetary causes, population growth and the natural …