asymmetry of sectoral relative-price changes and the aggregate inflation rate. This correlation is widely interpreted as … evidence that short-run inflation is determined by supply-side factors; however, we study whether, in addition to the inflation …, that the positive and significant effect of relative-price change asymmetries on inflation is not robust with respect to …

their real balances according to expected inflation, which is the negative of the real rate of return to money. But these … government's reliance on seignorage reduces rather than raises the steady-state inflation rate. This paper proposes an … of inflation, and can ultimately cause a hyperinflation. The model also mimics the non-monotonic path of real balances as …

I study the short-term impact of surprise inflation on the primary balance by separating those budgetary items which … immediately respond to inflation from non-responding ones. I assume a passive fiscal policy in a one-year horizon; therefore items … decentralised government, their responses to inflation depend on decisions. [...] …

Previous studies have interpreted the rise and fall of U.S. inflation after World War II in terms of the Fed's changing … the low-inflation policy recommended by a natural rate model even after economists had developed statistical evidence … inflation rate in light of updated probabilities that it assigns to three competing models of the Phillips curve. Cautious …

compensate resulting losses of purchasing power only prolong the inflationary phase. Anchored inflation expectations are key to … keeping the inflation process temporary. While this clearly falls under the responsibility of the monetary authorities, fiscal …

This paper investigates the effects of inflation news coverage on market-based inflation expectations and outcomes in … the inflation-protected securities market. We employ a large corpus of news headlines from top U.S. newspapers and market … data on the U.S. yield curve and inflation-protected securities. Our results indicate that news coverage, particularly …