Inflation expectations are key determinants of economic activity and are central to the current policy debate about … whether inflation expectations will remain anchored in the face of recent pandemic-related increases in inflation. This paper … inattention when inflation is low. This suggests that there is indeed a risk of an acceleration in the increases in inflation …

This paper analyses the post-pandemic inflation dynamics in Canada using a behavioral macroeconomic model of the Bank …-pandemic inflation can be explained by these simple heuristics and traced back to the lifting of economic restrictions in mid-2020 …, triggering demand-pull inflation. This result suggests that the cost-push inflation in 2021 and beyond actually originated from a …

A vast literature has documented how US inflation persistence has fallen in recent decades, but this finding is … difficult to explain in monetary models. Using survey data on inflation expectations, I document a positive co-movement between … that inflation is more persistent in periods of greater forecast sluggishness. My results suggest that changes in firm …

This paper documents a strong relationship between households’ perceptions about inflation over the past 12 months and … households’ short- and long-term expectations about future inflation. This relationship is strong during periods of high-inflation … but even stronger during low-inflation periods. We establish a causal relationship by implementing a randomized …

The main focus of the present paper is to analyze the impacts of financial policy on inflation rates. The analysis … utilized to reflect the relations between financial policy and inflation. Thus, more lights are shed on the fact that the first … components represented in governmental expenditure and taxation and the dependant variable inflation. The results show that there …

Several central banks have adopted inflation targets. The implementation of these targets is flexible; the central … banks aim to meet the target over the long term but allow inflation to deviate from the target in the short-term in order to … ARFIMA model. Under the assumption that the central bankers control the long-run inflation rates, the fractional integration …

Inflation touches many areas of law, and the law's response to inflation constitutes a policymaking opportunity in its … superior inflation index does present a daunting legal task. Because courts cannot countermand specific legislative references … brief comparison of inflation with discount rates and purchasing power parity. It then discusses how legal responses to …