persistence of supply shocks in U.S. inflation fell considerably during the period of Volcker's disinflation (1979-1982). My …This paper examines the long-run effects of supply shocks (such as oil shocks) on inflation in the United States. The … the behavior of inflation expectations-agents expected shocks to persist in the pre-Volcker period, but not in the post …

Why do some attempts at disinflation lead to substantial reductions in inflation while others do not? We investigate … that a fundamental determinant of success in reducing inflation was the strength of the Federal Reserve's commitment to … disinflation at the start of its attempts. In episodes where its commitment was high, there were significant declines in inflation …

hypothesis and study the relative merits of changes in structure and shocks for reproducing the conquest of the Great Inflation …

the Great Inflation and the Great Moderation. …

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …

This paper investigates the effect of ECB asset purchases on inflation expectations in the euro area, as measured by … inflation forecasts; controls for updates in macroeconomic and financial developments are also included. Our results indicate … inflation expectations and lowered the forecasters' assessment of the probability of a low inflation regime. The average effect …

Central banks in most advanced economies have reacted similarly to the increase in inflation that started in 2021. They … initially looked through the rising inflation by leaving monetary policy relatively unchanged. Then, after inflation continued … aiming to anchor drifting inflation expectations. Why might central banks want to look through supply-driven inflation …

Conjectures about inflation expectations are inextricably linked to our understanding of the relationship between the … therefore examines the empirical properties of inflation expectations data constructed on the basis of both qualitative and … provides some insights into the nature of the interaction between monetary policy and inflation expectations. …

situation helps to explain the surge in the country's inflation and its very high growth in financial condition from late 2007 …