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return of inflation, their declared and implicit objectives, and the contradictory consequences for the economic system. We …
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This article theoretically and empirically investigates the determinants of inflation in a sample of 83 countries …, including countries that adopt an inflation targeting regime (ITR) and countries that do not, for the period 2000 to 2021. The … rates, food and energy - causing a rise in inflation and bringing recessive effects that may be more pronounced in ITR …
Persistent link: https://www.econbiz.de/10014550857
We document novel survey-based facts about preferred long-run inflation rates among US consumers. Consumers on average … prefer a 0.20% annual inflation rate, well below the Federal Reserve's 2% target. Inflation preferences not only correlate … that two narratives based on economic models-describing how inflation lowers the real value of wages and money holdings …
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