expectations under the scenario. The peak response of the 1-year household inflation expectation would be 1.2 percentage points … inflation and rising inflation expectations for years to come. We show that these concerns have been overstated. A $100 oil … scenario of the type discussed by many observers, would only briefly raise monthly headline inflation, before fading rather …

expectations under the scenario. The peak response of the 1-year household inflation expectation would be 1.2 percentage points … inflation and rising inflation expectations for years to come. We show that these concerns have been overstated. A $100 oil … scenario of the type discussed by many observers, would only briefly raise monthly headline inflation, before fading rather …

. Inflation hedging is a likely explanation for these findings since the impact of interest rate effects on equity risk exposure … is stronger among households who experience higher inflation. Further, the impact of experienced inflation is stronger … potentially greater inflation awareness …

This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …

The past years were characterized by unprecedented rises in prices of commodities such as oil or wheat and inflation … indicate future CPI inflation and if they can be used as indicator variables for central banks or not. We apply various … strong link between commodity prices and CPI inflation in the 1970s and the beginning of the 1980s. For a more recent sample …

Why do some attempts at disinflation lead to substantial reductions in inflation while others do not? We investigate … that a fundamental determinant of success in reducing inflation was the strength of the Federal Reserve's commitment to … disinflation at the start of its attempts. In episodes where its commitment was high, there were significant declines in inflation …

core inflation rather than headline inflation — and is even better approximated with an adjusted core index that covers … total expenditures excluding autos, clothing, energy, and food at home, but including food away from home. -- Core inflation …

This paper proposes an ESTAR modeling framework to analyze the anchoring of inflation expectations. Anchoring criteria … are empirical estimates of a market implied inflation target as well as the strength of the anchor that holds expectations …

accountability through transparency leads to a lower expected rate of inflation and less stabilization of supply shocks …

to a significant reduction in real yields. By contrast, breakeven inflation rates were barely affected, if at all …, suggesting that inflation expectations have remained well-anchored, and that explicit FOMC policy rate guidance has not adversely …