since the start of the COVID-19 pandemic. We find that household inflation expectations responded slowly and mostly at the …This paper studies how inflation beliefs reported in the New York Fed’s Survey of Consumer Expectations have evolved … short-term horizon. In contrast, the data reveal immediate and unprecedented increases in individual inflation uncertainty …

the pandemic-era surge in consumer price inflation in the euro area. Initially, supply-chain pressures increased inflation …We document how supply-chain pressures, household inflation expectations, and firm pricing power interacted to induce … through a cost-push channel and raised inflation expectations. Subsequently, the cost-push channel intensified as firms with …

product-market and labor-market shocks on prices and nominal wages and to quantify the sources of U.S. pandemic-era inflation … short-run and long-run inflation expectations. The estimated model allows us to analyze the direct and indirect effects of … and wage growth. We find that, contrary to early concerns that inflation would be spurred by overheated labor markets …

pandemic were a negative supply shock, and the residual structural factors were a positive demand shock. The resulting excess …-19 pandemic on international trade by combining information from customs records, smartphone-based human mobility, and … import demand contributed to the rise in domestic inflation. …