reverse three multi-decade global trends – it will raise inflation and interest rates, but lead to a pullback in inequality … the Coming Crisis of Caring -- 5. The Likely Resurgence of Inflation -- 6. The Determination of (Real) Interest Rates …

Several explanations have been put forward for the observation that massive inflation has not appeared as a result of … put forward for this observation, but none of them can explain the huge gap between monetary inflation and price inflation …. The alternative explanation presented in this paper is that monetary inflation is more reflected in stock prices than the …

Current perspectives on the Phillips curve, a core macroeconomic concept that treats the relationship between inflation … Phillips Curve -- 3 Forecasting Inflation -- 4 The Labor Market and the Phillips Curve -- 5 Inflation Expectations -- 6 …

implications for inflation. …

factors that influence trend inflation in the USA. Using structural shocks that incorporate a broad set of information for the … US economy, we find that four structural shocks have significant effects on trend inflation: productivity, price mark …-up, government policy, and finance. During and in the aftermath of the Great Recession, trend inflation became more volatile after …

cyclical movements in Treasury bond premia. Downward nominal rigidities create state-dependence in output and inflation … dynamics: a higher level of inflation makes prices more flexible, leading output and inflation to be more volatile, and bonds … to become more risky. The model matches well the relation between the level of inflation and a number of salient macro …

variables, such as consumer price inflation, the growth of industrial production, the stock price index, the exchange rate of …