"Experts in economic policy debate the 2021 surge in inflation, why the Federal Reserve was slow to respond, and … whether rule-like policy is the best approach to controlling inflation." …

distinguished a first period (1960-1975) with a moderate and stable inflation and a second one (1975-1993) with four inflation …, volatility and all components of inflation are relevant in explaining RPVI; but for the moderate regime, volatility and … uncertainty are insignificant, and the impact of expected and unexpected inflation shocks depends on whether inflation is stable …

increasing energy prices and focus on core inflation. The result is a modest increase in CPI. …

I present empirical results on the contribution of three key drivers of inflation in Denmark: an inflation trend … anchored by inflation expectations; the Danish business cycle; and an energy price cycle. All three drivers contribute … significantly to the development of inflation and explain most of the variation in the last 40 years. The results are based on a …