We study investors' perceptions of inflation through the lens of a high-frequency event study and document that they … have a stagflationary view of the world. In response to higher-than-expected inflation, investors expect firms' nominal … even decline, with increases in nominal yields offset by larger increases in inflation expectations. Consistent with a …

The dominant view of inflation holds that it is macroeconomic in origin and must always be tackled with macroeconomic … tightening. In contrast, we argue that the US COVID-19 inflation is predominantly a sellers' inflation that derives from … trying to fend off real wage declines in the conflict stage. We argue that such sellers' inflation generates a general price …

We analyse the incidence of endogenous entry and firm TFP-heterogeneity on the response of aggregate inflation to … distribution of firms in Spain. We then compare the inflation response to technology, interest rate and entry cost shocks, among … others. We find that structures in which large (more productive) firms predominate tend to deliver more muted inflation …

inflation rates experienced in developed countries during the 1990s …

The Dalio's Economic Market Cycles theory seems to be a proof of a long-standing philosophic theory of civilisation … cycles, which appeared around the XVIIth century in Europe. The Civilisation Cycles theory suggests that each human …-100 years for a big Economic (Market) Cycle?In the following, I would like to give my understanding of the Dalio's theory of …

An exogenous oil price shock raises inflation and contracts output, similar to a negative productivity shock. In the … standard New Keynesian model, however, this does not generate a tradeoff between inflation and output gap volatility: under a … strict inflation targeting policy, the output decline is exactly equal to the efficient output contraction in response to the …

Declining inflation in many countries over the past few decades at the same time as rising global competition has led … to a debate on the importance of globalisation for domestic inflation. This paper explores the implications of global … value chain (GVC) integration and market contestability for inflation using a range of industry-level and micro-data sources …