The post-pandemic surge in inflation was accompanied by a surge in the corporate share of profits. As a result, several … economists and policy makers have given to it names such as "profit-led inflation" or "sellers' inflation." The present paper … discusses the extent to which profit-led inflation, as an explanation for the recent surge in inflation, is compatible with what …

wage formation and inflation is used to illustrate this argument. …

"harmful inflation" regime for higher nominal GDP growth rates, these results have strong implications for guiding recent …

This paper discusses the likely evolution of U.S. inflation in the near and medium term on the basis of (1) past U ….S. experience with very low levels of inflation, (2) the most recent Japanese experience with deflation, and (3) recent U.S. micro … evidence on downward nominal wage rigidity. Our findings question the view that stable long-run inflation expectations and …

model presents a 'price rule' for government spending that ensures that the ELR is not a source of inflation. Indeed, the …

precautionary saving is strong enough, a rise in uncertainty leads to i) a drop in inflation; ii) amplified negative responses of …

resulting Phillips curveinvolves lagged inflation and lagged expectations. It nests the Calvo NKPC as a limitingcase in the … inflation always has negative coe¢ cients, therebymaking it impossible to interpret inflation persistence as intrinsic. The … shocks, and output leads inflation. …