This paper studies how and why inflation expectations have changed since the emergence of Covid-19. Using micro …-year and five-ten year horizons has widened since the surge of inflation during 2021, along with the mean. Persistently high … adaptive learning is able to mimic the change in inflation expectations over time for different demographic groups. The …

This paper analyzes the distributional impacts of inflation in Thailand. For that aim, the paper uses rich micro …-survey data on 46,000 Thai households to study the effect of the recent elevated inflation on poverty, its distributional effects … multidimensional impact of inflation, the paper also studies how inflation differentially affects households through the consumption …

We study the global inflation surge during the pandemic recovery and the implications for aggregate and sectoral … differences in the inflation response across sectors imply the relative price of goods has been pro-cyclical this time around … calibrated exercise shows that the resulting changes to the output-inflation relation are quantitatively important and improve …

economic growth. This paper examines the roles of three other factors: primary budget surpluses, surprise inflation, and pegged … inflation and the pre-Accord peg. In this counterfactual, debt/GDP declines only to 74% in 1974, not 23% as in actual history …

impacts of indexation on fiscal outcomes during episodes of inflation surprises; and an analysis of the association between … the overall degree of indexation combining the four budget items and inflation persistence …

-up in tradeable goods inflation. Despite this increase, inflation remained relatively contained as compared to regional … comparators. This paper aims to provide a comprehensive analysis of inflation dynamics in the region, with a focus on external … from 1987 to 2022, we find that external factors such as the imported inflation from main trading partners, mainly driven …

This paper argues case that a tighter fiscal policy stance can meaningfully support central banks in fighting inflation … more effective than fiscal policy in battling inflation in open economies due to the exchange rate channel, we show that a …

When inflation originates from distributional conflicts, shifts in inflation expectations, or energy price shocks …, monetary policy (MP) is a costly stabilization instrument. We show that a tax on inflation policy (TIP), which would require … decisions, tackle excessive inflation and reduce output volatility, without exacerbating price distortions. While proposals from …

to fight inflation and a withdrawal of fiscal support amid high debt weigh on economic activity. Inflation is falling … inflation is expected to fall to 5.8 percent in 2024 and 4.4 percent in 2025, with the 2025 forecast having been revised down …

We examine whether changes in the distribution of household inflation expectations contain information on future … inflation. We first discuss recent shifts in micro data from the US, UK, Germany, and Canada. We then zoom in on the US to … explore econometrically whether distributional characteristics help predict future inflation. We find that the shape of the …