The core personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation gauge, rose to 5.2 percent on January 2022, which is the highest rate of increase since 40 years ago. Our estimates show that the annualized quarterly core PCE prices could reach 5.45% in the...

The current state of the US economy is recognized with the highest debt level and a dramatic rise in the M2 Money Supply along with a decrease in the Velocity of Money. We target the exogenous nature of the recent negative output shock, and we employ a reduced form Vector Auto Regressive model...

Given the complexity of interaction between inflation and inequality, we examine whether the impact of inflation on inequality differs among distinct levels of income inequality across the US states. Results reveal that there is a negative contemporaneous effect of inflation on the inequality...

The Economist magazine has been publishing the Big Mac Index using it as a rule of thumb to determine the over- or under-valuation of international currencies based on the theory of Purchasing Power Parity since 1986. According to the theory, using the Big Mac as a tradable single-good basket,...