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Corruption and inflation are two economic problems with serious social consequences. This paper analyzes the link … inflation and corruption. The direction of causality favors the hypothesis that the inflation of agricultural products promotes …
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We estimate a multi-country multi-sector New Keynesian model to quantify the drivers of domestic inflation during 2020 …–2023 in several countries, including the United States. The model matches observed inflation together with sector-level prices … and wages. We further measure the relative importance of different types of shocks on inflation across countries over time …
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changes does not change much with inflation and does not react much to aggregate shocks; (vi) changes in inflation are mostly … consistent with the predictions of a menu cost model in a low inflation environment where idiosyncratic shocks are a more …
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government spending triggers inflation, taxes have the opposite effect. This is consistent with Keynesian theory. Money supply … exchange rate while continuous inflation lowers it. …
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