early 1930s - fear of inflation is evident in the bond, foreign exchange, and commodity markets at certain critical … suggest fear of inflation. Futures prices also reveal that market participants were betting on price increases. These findings …

We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the … shocks through sign restrictions. Our main finding is that expansionary financial shocks temporarily lower inflation. This … during the latest financial crisis. We then explore the transmission channels of financial shocks relevant for inflation, and …

monetary policy decision making: the use of a broader inflation measure that gives substantial weight to house prices and is … considered along with headline CPI inflation. We argue that, in terms of theory, the broader inflation gauge is at least as … suitable for measuring the value of money as headline CPI inflation is, but we also acknowledge practical problems that arise …

Inflation in 2021 and 2022 grew much faster than the Federal Reserve expected. The Fed downplayed inflation in 2021 and …

This paper explores international bond spillovers using daily and intra-day data on yields on inflation-indexed bonds … and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United … Kingdom. The analysis starts in 2002, by which point U.S. inflation-indexed markets were fully mature. Real bond yields are …