The Covid-19 pandemic, aggravated by the Russia-Ukraine war, unleashed the worst inflation in four decades in the … inflation surge. It argues that too little attention was given to the need to finance pandemic relief through higher taxes, and … increased fiscal deficit causes increased inflation proportionate to the resulting rise in demand relative to GDP. Calculations …

CPI weights to account for the changes in spending patterns increases the estimate of inflation over the early months of … the underestimation of inflation. Updated CPI weights should be developed as soon as is feasible, but flux in spending …

Sharp changes in consumer expenditure may bias inflation during the COVID-19 pandemic. Using public data from debit … inflation was higher during the lock-down than suggested by CPI inflation. The annual inflation rate of the COVID price index … lead to inflation being underestimated by more than a quarter of a percentage point until the end of 2020. …

The COVID-19 crisis had a major impact on the measurement of inflation around the world, as price observation in shops … of inflation produced in all EU Member States and the key inflation target measure for European monetary policy. We … impact on the overall inflation rate from some of the choices made. …

, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …

to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the …

Persistent inflation and slow stabilization are usually the result of policy accommodation resorted to in an attempt to … avoid the recessionary costs of a sharp reduction of inflation. This paper reviews three explanations for why policymakers … despite their dislike of inflation may nevertheless choose to adopt accommodative policies. It emphasizes the role of …

We study the link between central bank independence and inflation by providing narrative and empiricial evidence based …, central banks turned into de facto development banks under the aegis of governments, sawing the seeds for high inflation. It … took the high inflation episodes of the 1970s and 1980s and the associated major decline in real income, and growing social …

of Consumer Price Index (CPI) inflation. I use publicly-available data on credit and debit card transactions to update … the official CPI weights and re-calculate inflation with COVID consumption baskets. I find that the US CPI underestimated … the COVID inflation rate, particularly during the first three months of the Pandemic, as consumers spent relatively more …