, we study the implications of different inflation regimes on the racial unemployment gap. Higher trend inflation increases …

This paper studies the effect of monetary policy on inflation along the income distribution in several euro area …. On the one hand, different consumption shares imply that inflation by high-income households responds less to monetary … its reaction to monetary policy, which imply that inflation by high-income households responds more to monetary policy. …

-in the context of a historic surge in inflation. We measure economic narratives in open-ended survey responses and represent …, households' narratives strongly shape their inflation expectations, which we demonstrate with descriptive survey data and a …

This study examines whether central banks can combat inflation that is caused by rising energy prices. By using a high … global energy prices (in dollars). Our counterfactual analysis demonstrates that both effects are present, but the latter …

We study how precipitation has affected food consumer price inflation (CPI), using dynamic panel estimation of food CPI …. We allow for nonlinear effects of precipitation on food CPI inflation, and also control for possible nonlinear effects of … temperature. We find that precipitation has significant nonlinear effects on food CPI inflation. The coefficient of food CPI …

frequency vector autoregression (VAR). It shows that potential causalities for inflation, relative price variability, relative …

energy prices. Second, through Lucas critique-robust counterfactual analysis, we uncover that the ECB's ability to affect … this policy strategy could have largely prevented the post-pandemic inflation episode. …

Is inflation (still) a global phenomenon? We study the international co-movement of inflation based on a dynamic factor … explains approximately 58% of the variation in headline inflation across all countries and over 72% in OECD economies. The … explanatory power of global inflation is equally high in a shorter sample spanning the time since 2000. Core inflation is also …

We discuss the concept of core inflation and its relevance for policymakers and then review a variety of approaches … displayed by U.S. inflation data and discussing conceptual issues around measurement, we provide a unified framework to …

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 …