We study the impact of the COVID-19 pandemic on euro area inflation and how it compares to the experiences of other …-output linkages, affecting both trade and inflation; (2) inflation can be higher under sector-specific labor shortages relative to a … domestic aggregate demand shocks in explaining euro area inflation over 2020-21; and (4) international trade did not respond to …

This paper presents a framework for quantifying uncertainty around point forecasts for GDP, inflation and house prices …

We document the real-time forecasting performance for output and inflation of the New York Fed dynamic stochastic …

We estimate a multi-country, multi-sector New Keynesian model to quantify the drivers of domestic inflation during 2020 …-23 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 …

The recent spike in inflation, unprecedented in the history of the Economic and Monetary Union (EMU), has had major … effects of high inflation on fiscal accounts in the euro area. Relying on the wealth of expertise in the Eurosystem - within … overall positive effects of inflation on fiscal accounts. Indeed, the simulations point to adverse effects from the recent …

explores implications for growth, innovation, inflation, financial markets, fiscal policy, and several socio-economic outcomes …, adjustment in energy markets, increased inflation variability, financial markets stress, intensified innovation, increased …

We study the impact of the COVID-19 pandemic on euro area inflation and how it compares to the experiences of other …-output linkages, affecting both trade and inflation; (2) inflation can be higher under sector-specific labor shortages relative to a … domestic aggregate demand shocks in explaining euro area inflation over 2020-21; and (4) international trade did not respond to …

number of inflation and real activity measures for the United States. We identify demand and supply factors by imposing … demand and supply over the past five decades. The most recent factor estimates indicate that the inflation surge since mid …

recursive interaction with inflation as integral to it. This treatment underlay both his 1920s work on the business cycle as a … deployment of his analysis of expected inflation on nominal interest rates, and, indirectly, in its espousal of the case for …