Are government spending shocks inflationary at the zero lower bound (ZLB)? Despite the importance of the inflation … Keynesian models, which predict a larger fiscal multiplier following fiscal expansion at the ZLB - driven by rising inflation …

This paper investigates the impact of fiscal shocks on inflation, using a large panel of 139 countries over the period … 1970–2021. First, both headline and core measures of inflation increase in response to expansionary shifts in the fiscal … with care in aggregate demand management as it has significant effects on inflation, which are highly dependent on fiscal …

levels, inflation and interest rate; and (ii) interestingly, an increase in the government spending is not always offset by …

productivity to increase in the face of a fiscal expansion, thus overcoming the negative wealth effect. As a result, the response … between house prices, business formation and productivity finds strong support in both regional and aggregate data. …

This paper decomposes the time-varying effect of exogenous exchange rate shocks on euro area countries inflation into … quarters of the past six years, especially in turning point periods. Our main results indicate that headline inflation in euro … inflation this increasing sensitivity is solely reliant on a sustained surge in the degree of comovement, for energy inflation …

This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open … paper arrives at a “structuralist inflation targeting agenda”. Based on a proper conception of inflation dynamics, this … involves “getting inflation targeting right” rather than either accepting mainstream inflation targeting prescriptions or …