This note develops an econometric model of inflation dynamics to assess recent developments. We find that most of the … Fed's monetary policy. If high markups unleash important competitive pressures across firms, then inflation and thus …-perhaps motivated by attempts by workers to recover previous shortfalls in earnings-inflation and interest rates could stay high for a …

central banks target inflation at a rate of about 2 percent. Many economists have recently proposed even higher inflation … importance of appropriately accounting for a low, positive trend inflation rate for the conduct of monetary policy. We first … review empirical research on the evolution and dynamics of U.S. trend inflation, as well as some proposed new measures to …

current operating procedures and make monetary policies more effective in fighting inflation. …

We develop an experimental framework to investigate the quantity theory of money and the real effects of inflation in … an economy where money serves as a medium of exchange. We test the classical view that inflation reduces output and … welfare by taxing monetary exchange. Inflation is engineered by constant money growth. We conduct three treatments, where the …