inflation strongly and persistently, (ii) lead to statistically weak negative effects on activity, (iii) contributed to … having a stronger effect on inflation expectations. Quantitatively, increasing political pressure by half as much as Nixon …

little to the plans.With the assumptions used and actual inflation experienced over the past decade noted, it is important to … look at where inflation may be headed in the longer-term. Several central banks and the IMF project longer-term inflation to … forward, it will be important to see how close government forecasts match actual inflation and, relatedly, how close actual …

We quantify spillovers of inflation expectations between the United States (US) and Euro Area (EA) based on break …-even inflation (BEI) rates. In contrast to previous studies, we model US and EA BEI rates jointly in a structural vector … autoregressive (SVAR) model. The SVAR approach allows to identify US and EA specific inflation expectations shocks. By modeling the …

We document that, during the COVID-19 era, the inflation expectations of Democrats remained strongly anchored, while … those of Republicans did not. Republicans' expectations not only rose well above the inflation target, but also became more … affiliation at the MSA level to show that the partial de-anchoring of expectations had implications for realized inflation …

interdependency of national monetary policies, which is sometimes measured by the degree of inflation transmission across borders. In … this paper, we examine how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with those … model is used to study the inflation dynamics. It is found that Hong Kong and Singapore inflation rates, but not the U …

interdependency of national monetary policies, which is sometimes measured by the degree of inflation transmission across borders. In … this paper, we examine how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with those … model is used to study the inflation dynamics. It is found that Hong Kong and Singapore inflation rates, but not the U …