kommt das nächste Ungemach in Form von Inflation, steigenden Zinsen, einbrechenden Finanzmärkten und Währungsproblemen. Die …

Post-covid inflation was predominantly driven by unexpectedly strong demand forces, not only in the United States, but … inflation near its 2-percent target---would have severely hampered an already anaemic recovery …

Using a century of data, we show that Treasury convenience yield and inflation comove positively during the … inflationary 1970s-1980s, but negatively pre-WWII and post-2000. An inflation decomposition reveals that higher supply inflation … predicts higher convenience, while lower demand inflation follows higher convenience. In our model, inflationary cost …