The uncertainty of U.S. core inflation, measured by the stochastic volatility of forecast errors, has soared to a level … increase after a positive shock to core inflation uncertainty in a vector autoregression. Endogenous changes in household … inflation expectations help to understand the transmission mechanism through which an inflation uncertainty shock generates …

coordinated wage bargaining systems have a dampening impact on inflation volatility. …

form of sticky prices improves the model's performance at explaining inflation but worsens it for output. The most dramatic …

shocks driving the economy and the systematic response of monetary policy to inflation: More flexible prices amplify the … effect of demand shocks on output if interest rates do not respond strongly to inflation, while higher flexibility amplifies … the effect of supply shocks on output if interest rates are very responsive to inflation. Next, we estimate a medium …

shocks driving the economy and the systematic response of monetary policy to inflation: More flexible prices amplify the … the effect of supply shocks on output if interest rates are very responsive to inflation. Next, we estimate a medium …

both unemployment and inflation rates in the long term, while other factors showed a negative correlation. …