In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that … the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which … influence the expected inflation distribution through disagreement, level shift and ambiguity. Linking these functional shocks …

This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation …-are discussed. The paper applies the latter to elucidate recent inflation trends propelled by increasing imported energy prices and … then rising mark-ups. The effects of inflation-targeting central bank interest policies versus a post-Keynesian alternative …

accounts of profit inflation, wherein U.S. firms' market power allowed them to maintain - and, for some firms, increase - their …

This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation … discussed. The paper applies the latter to elucidate recent inflation trends propelled by increasing imported energy prices and … then rising mark-ups. The effects of inflation-targeting central bank interest policies versus a post-Keynesian alternative …

there is a significant backward looking element in inflation behaviour. This cyclical instability can be mitigated if fiscal … policy in each member country reacts to inflation differences, but it can be aggravated if fiscal feedback on debt is too …

against macroeconomic shocks to the government budget. Whether this goal is better accomplished by nominal or inflation … markets and the risk of default. We argue that the role of inflation-indexed debt as a hedge against demand and inflation …

aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm … explanatory variable for the inflation rate. Further, the skewness measure also helps to explain shifts in the Phillips curve …

A major challenge for monetary policy has been predicting how exchange rate movements will impact inflation. We propose …