The recent surge in inflation led many unions and firms to alter their bargaining and wage-setting policies. Using … during periods of high and low inflation. We find state dependence along the extensive and intensive margins: the average … implications of state-dependent wage setting for the long-run effects of trend inflation, the transmission of monetary policy …

This paper examines the recent behavior of core inflation in the United States. We specify a simple Phillips curve … based on the assumptions that inflation expectations are fully anchored at the Federal Reserve’s target, and that labor …-market slack is captured by the level of shortterm unemployment. This equation explains inflation behavior since 2000, including …

This paper provides a broad brush look at the impact of fluctuations in global food prices on domestic inflation in a … advanced economies, and less anchored inflation expectations in emerging economies than in advanced economies …

accounts of profit inflation, wherein U.S. firms' market power allowed them to maintain - and, for some firms, increase - their …

This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation … discussed. The paper applies the latter to elucidate recent inflation trends propelled by increasing imported energy prices and … then rising mark-ups. The effects of inflation-targeting central bank interest policies versus a post-Keynesian alternative …

The COVID-19 pandemic eventually gave rise to large increases in profits, profit shares and inflation rates. A major … controversy has developed among economists and in the media about whether this was largely caused by profit inflation, that is, by … inflation, dealing with its definitions and the complexities of its measures. In particular, it shows that increases in economic …

This article shows that income inequality and inflation in Brazil are multidimensional phenomena linked to the … unemployment rate and to the foreign sector. Consequently, the relationship between inflation and income distribution depends on … dynamics of inflation in the tradable and non-tradable goods sectors and is consistent with the Kaleckian framework. Yet, a …