energy price shocks and restrictive monetary policy to combat high inflation. These results are very robust and have …

growth by approximate 2 percentage points in 2020-2021 and inflation by 0.5 percentage points. The longer-term refinancing …

the monetary and fiscal policy responses to the inflationary shock. Our results indicate that the effects of inflation … consumption, income and wealth. We account for the various channels through which inflation affects individual households, and for … differences in individual consumption patterns. On average, the effect of inflation is regressive, with lower income households …

An apparent disconnect has taken place between inflation and economic activity in the US over the last 25 years, with … price inflation remaining remarkably stable in spite of large fluctuations in the output gap and other measures of economic … unconditional variation in US macro data into the components driven by demand and supply disturbances, and confront the inflation …

. The world in 2022: slower growth, higher inflation, interest rate hikes .-- C. Effects on the region: large differences …

role played by inflation expectations and the money supply shocks during major oil shock episodes. These shocks partially …The paper adds money supply and inflation expectations shocks to a well-known three-variable structural model that … supply and to inflation expectations significantly increase real oil prices; with the unadjusted M1 aggregate there is no …

distributions of output and inflation. Since the variance and the asymmetry of the forecast distributions are largely driven by the …