individual-goods price adjustments, have stock returns that are always positively correlated with inflation. The cross … inflation is positive, agents are willing to pay a premium to hold assets whose returns covary negatively with inflation. In … contrast, we empirically find that the dispersion in the correlation between stock returns and inflation is about 100 times …

Inflation risk is greatest in times of national or global stress; inflation risk is a form of a “tail risk.” A … traditional portfolio of stocks and bonds is exposed to inflation risk. The specific nature of an investor's liabilities and … spending determines inflation sensitivity beyond that of the asset portfolio. Commodities and TIPS are the most effective short …

, 𝑢𝑡 ∗ , in the aftermath of the pandemic and characterize its implications for inflation dynamics. While the bulk of the … inflation surge is attributed to temporary supply factors, we also find an important role for current and expected negative …

The authors apply a Hidden Markov Model to identify regimes of shifting inflation and then employ an attribution … technique based on the Mahalanobis distance to identify the economic variables that determine the trajectory of inflation. Their … analysis enables policymakers to focus on the most effective tools to manage inflation, and it offers guidance to investors …

The ongoing post-pandemic inflation burst has put the monetary policy framework, its governance alternatives, and the … politicized yet independent model of central banking over the past two decades on the inflation burst. The study identifies four … demanding advanced stages of the fight against inflation. It is anticipated that this episode will contribute to complete the …

increase in inflation in the US and elsewhere. Much has been made of this outcomes, and the economic distress associated with … it, in popular discussion of the economy. This paper provides a Kaleckian conflicting-claims analysis of inflation during …-setting behaviour as sources of inflationary pressure. A key conclusion that arises from the co-determination of inflation and …

Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses …-run Phillips curve between inflation and unemployment and a trade-off between price distortions and output hysteresis that change … the welfare-maximizing inflation level. For a plausible set of parameters, the optimal inflation target is in excess of …

type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …

type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …