fluctuations associated with these events are also discussed, as is their role in the recent surge of inflation, with a particular …

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

is likely to have large effects on the future path of house prices and inflation …

public finances. We show that when the ECB misses its inflation target this has large heterogeneous fiscal consequences for … missing their inflation targets. They are also sizeable …

activity and inflation as latent variables. We incorporate these latent variables into a factor-augmented vector autoregression … activity and inflation, consistent with previous studies. In contrast to much of the literature, however, we find that central …-bank-determined changes in Chinese interest rates also have substantial impacts on economic activity and inflation, while other measures of …

the quantity of imports. We investigate the impact of an import constraint on inflation, following an increase in domestic … demand. Whether the binding import constraint raises inflation depends on how it affects trade intermediation costs. If the … binding constraint raises trade costs, then import price inflation also increases. In this case, however, foreign producer …

function involving output and inflation gaps, increasing core spending would generate substantial welfare improvements …

actions are explained solely by its forecasts of inflation and real activity. Finally, we explore the possibility of …