Introduction -- Chapter 1: Back to the future – The return of inflation in the 2020s -- Chapter 2: Fundamentals – A … primer on what drives inflation -- Chapter 3: The US – Pandemic recovery and fiscal bazooka -- Chapter 4: Europe – Same, same …, Europe, and Asia -- Chapter 7: The inflation debate: The view from a central banker vs. a market practitioner -- Chapter 8 …

This paper estimates core inflation in Norway, identified as that component of inflation that has no long-run effect on … GDP. The model distinguishes explicitly between domestic and imported core inflation. The results show that (domestic …) core inflation is the main component of CPI inflation. CPI inflation, however, misrepresents core inflation in some periods …

This paper examines the evidence on asymmetries in the effects of activity on inflation. Data for the G-7 countries are … found to strongly support the view that the inflation-activity relationship is nonlinear, with high levels of activity … raising inflation by more than low levels decrease it. In the face of such asymmetries, the average level of output in an …