The post-pandemic rise in consumer prices across the world has renewed interest in inflation dynamics after decades of … global disinflation. This paper contributes to the literature by providing a granular investigation of inflation persistence … at the city level in Lithuania during the period 2000-2021, as well as a comparison of inflation persistence at the …

The post-pandemic rise in consumer prices across the world has renewed interest in inflation dynamics after decades of … global disinflation. This paper provides a spatial investigation of inflation synchronicity at the city level in Lithuania … co-movement of city-level inflation rates-estimated using the instantaneous quasi-correlation approach-is significantly …

Inflation has been rising during the pandemic against supply chain disruptions and a multi-year boom in global owner …-occupied house prices. We present some stylized facts pointing to house prices as a leading indicator of headline inflation in the U … inflation in two housing components (rent and owner-occupied housing cost) of the headline inflation and draw tentative …

In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that … the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which … influence the expected inflation distribution through disagreement, level shift and ambiguity. Linking these functional shocks …

Inflation and unemployment rate were largely disconnected between 2000 and 2019 in advanced economies. We decompose … core inflation into two parts based on the cyclical sensitivity of CPI components and document several salient facts: (i … inflation and unemployment rate. The approach has potential to help understand forces shaping price pressures during the …

The consensus among central bankers is that higher inflation expectations can drive up inflation today, requiring … tighter policy. We assess this by devising a novel method for identifying shocks to inflation expectations, estimating a semi … data for the United States, we find that a positive inflation expectations shock is deflationary and contractionary …