Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and … soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …

consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead … inflation expectations and spending today. We find households' inflation expectations and readiness to spend react substantially …

We argue that the period of low inflation has come to an end based on six structural factors, which define the new … inflationary environment: [...] How high will inflation rise? How long will the new inflationary environment last? How challenging …, progressing slowly, thereby contributing to a longer lasting energy-triggered inflation. The highest risk will be an energy …

near-term economic outlook, characterised by persistently low nominal interest rates and inflation, and in a lasting low …

near-term economic outlook, characterised by persistently low nominal interest rates and inflation, and in a lasting low …