framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of … restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the …

We specify an empirical model of US inflation which has the dynamics of wage and price setting at its core. In the … studies of pandemic-era inflation have confirmed that shocks to energy prices were important, but have not included imported … inflation more broadly. Estimation and simulation results indicate that wage growth was strongly affected early in the pandemic …

, through the New Keynesian Phillips Curve, lower inflation. While the proposed model does a good job at matching the observed …

instability or inflation instability -- could cause policymakers to exercise restraint in their response to cyclical weakness …

keep a very close eye on money supply if it wants to prevent consumer and/or asset price inflation. …We turn our attention to the role of money for determining nominal magnitudes. Using US data, we find that the … aggregate “nominal output plus and stock market capitalisation” is closely related to the money stock, lending support to one of …

We investigate the relationship between inflation uncertainty and monetary policy transmission in the U.S. economy … through the external finance premium and the term structure of interest rates appears strongly dependent on inflation …