We revisit the estimation of the welfare costs of inflation originating from lack of liquidity satiation for 11 low-inflation … and 5 high-inflation countries, and for Weimar Republic's hyperinflation. Our evidence suggests that, contrary to the … GDP. The welfare costs of inflation in the Euro area are about twice as large as in the U.S., thus suggesting that …

This article measures the degree of potential de-anchoring of inflation expectations in the euro area vis-à-vis the … inflation objective of the European Central Bank (ECB). A no-arbitrage term structure model that allows for a time-varying long …-term mean of inflation expectations, π୲ ∗, is applied to inflation-linked swap (ILS) rates, while taking into account survey …

Argentina began 2024 with the odd privilege of becoming the country with the highest inflation in the world. Although … inflation has once again become a first-order global issue due to the impact on the prices of basic goods of the Covid-19 … pandemic and the war in Ukraine, Argentinian inflation rates were well above the global and even regional average for the …

Was the episode of high inflation in the Philippines in 2022 driven primarily by supply or demand factors? How did the … Shapiro (2023) to disaggregate Philippine inflation into supply and demand components from 2001 to 2024. I find that supply … factors were the more significant reason for the pandemic-era spike in inflation, consistent with recent studies. More …