We analyze the impact of fiscal and monetary stimulus in an economy with mortgage debt, where inflation redistributes … inflation, increasing consumption demand and house prices. The power of fiscal stimulus grows when borrowers are more indebted …. We then show quantitatively that transfers followed by easy monetary policy cause a surge in inflation which helps …

inflation to monetary policy …

This paper examines the drivers of fluctuations in global inflation, defined as a common factor across monthly headline … consumer price index (CPI) inflation in G7 countries, over the past half-century. It estimates a Factor-Augmented Vector … variation in global inflation. Second, the contribution of global demand and oil price shocks increased over time, from 56 …

This paper provides an empirical estimation of the distributional impact of inflation on households in South Asia. Two … consumption expenditure shares and the effective "cost-of-living” inflation for households of different income levels. The … higher effective inflation when food prices are high, despite a diversification in consumption expenditure over time. The …