implications for inflation. …

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 …

We study the redistributive effect of inflation-induced revenue and expenditure variations in the Italian tax …-benefit system in a context in which pensions and social transfers are indexed to inflation and nominal wage growth struggles to keep …

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 …

, ut*, in the aftermath of the pandemic and characterize its implications for inflation dynamics. While the bulk of the … inflation surge is attributed to temporary supply factors, we also find an important role for current and expected negative …

expansion) by focusing on domestic inflation, the foreign exchange (FX) rate, and the quantity of FX traded in the local market …. The empirical results suggest that the inflation rate is largely driven by foreign price and oil shocks. Nevertheless, the … the exchange rate, and slightly increasing the inflation rate. The latter finding has important implications for the …

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 …