One of the dangers of high inflation is that it can cause firms and households to pay close attention to it. This … internalization of inflation can lead to an accelerationist regime, making inflation harder to control. We empirically assess the … relationship between attention and the level of inflation for 37 countries. Our measures of attention are constructed either from …

Inflation expectations are key determinants of economic activity and are central to the current policy debate about … whether inflation expectations will remain anchored in the face of recent pandemic-related increases in inflation. This paper … inattention when inflation is low. This suggests that there is indeed a risk of an acceleration in the increases in inflation …

persistent rise in inflation following the COVID-19 recession. …

February 2022. The sizeable cross-sectional heterogeneity in inflation is well explained by the differential exposures to a set … additional global factors, revealing that economies with procyclical inflation generally have higher inflation than economies … with countercyclical inflation. Furthermore, the comparisons with cross-sectional asset pricing theory are interesting …