We study the behavior of U.S. consumers' inflation expectations during the high inflation period of 2021-22 using data … from the Survey of Consumer Expectations. Short- and, to a lesser extent, mediumterm inflation expectations rose as … inflation surged in 2021. Disagreement and uncertainty about future inflation increased significantly. Then, in 2022, even as …

der Exit-Strategie. -- Umlaufsgeschwindigkeit ; multivariates Zustandsraummodell ; Inflation ; Geldmenge …While the long run relation between money and inflation is well established, empirical evidence on the adjustment to … volatility of the transmission from monetary pressure to inflation follows some structure, i.e., if the parameter regime can …

. After deriving the restrictions that the Barro and Gordon model imposes on a time series model for inflation and output, we … show that the time inconsistency problem can explain both the short-run and the long-run behaviour of inflation and output …

Extending recent theoretical contributions on sources of inflation inertia, we argue that monetary uncertainty accounts …

long run Phillips curve recorded -0.75 in Sweden and -0.23 in the United States. While the average inflation rate in the … United States was very close to its targeted level, the average inflation rate in Sweden was 0.6 per- centage points below … its targeted level over the sample period. The deviation of inflation rate from its targeted level in Sweden resulted in …

This paper empirically investigates the role of long-term inflation expectations for the monetary transmission … mechanism. In contrast to earlier studies, we confirm that U.S. long-term inflation expectations respond significantly to a … monetary policy shock. In line with a re-anchoring channel of monetary policy, we find that long-term inflation expectations …

We investigate the relationship between inflation uncertainty and monetary policy transmission in the U.S. economy … through the external finance premium and the term structure of interest rates appears strongly dependent on inflation …

In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique … aspects of how laypersons perceive inflation and form inflation expectations. We focus on how an individual's economic … situation, information search and interest in inflation, economic knowledge, and attitudes and values are related to inflation …

In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique … aspects of how laypersons perceive inflation and form inflation expectations. We focus on how an individual's economic … situation, information search and interest in inflation, economic knowledge, and attitudes and values are related to inflation …

strongly than in the rational model after an inflationary supply shock to fully stabilize inflation. While fully stabilizing … inflation keeps output at potential, higher real interest rates mainly benefit wealthy households and increase the cost of …