In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to …. In addition, during the energy crisis 2022 inflation rates rose dramatically and real wages dropped more than in any …

generate substantial inflation. Such a shock induces an equilibrium decline in the relative price of services. If price … increase in goods prices, resulting in, on net, little inflation. If prices in the services sector are downwardly rigid …, however, this takes place mostly through an increase in goods prices, resulting in inflation. To illustrate the relevance of …

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

In this paper we model monthly UK inflation and find that there is some small but significant autocorrelation …, particularly at 12 months. We find that this autocorrelation in monthly inflation leads to significant persistence in the headline … annual inflation figure. A one-off shock to monthly inflation will have an effect on the headline figure equal to 10% of the …

Prior research has documented that attention to inflation shifts when inflation surpasses a 3-4% threshold. In this … note we examine how attention to inflation declines in episodes of disinflation. We show that for countries where inflation … inflation. We show evidence that wage growth is more strongly correlated with past inflation when attention is high. This is one …