Fiscal deficits, elevated debt-to-GDP ratios, and high inflation rates suggest hyperinflation could have potentially … functions show that increased uncertainty caused a rise in inflation contemporaneously and for a few months afterward in GAPH … elevated economic uncertainty directly affected inflation dynamics and the incidence of hyperinflation during the interwar …

We study how investors respond to inflation combining a customized survey experiment with trading data at a time of … historically high inflation. Investors’ beliefs about the stock return-inflation relation are very heterogeneous in the cross … section and on average too optimistic. Moreover, many investors appear unaware of inflation-hedging strategies despite being …

prices and goods with prices controlled by the government we show that inflation in Japan has been kept low by mainly three …The paper analyses the reasons for Japan's persistently low inflation since the bursting of the Japanese bubble economy … (low inflation conundrum). It is shown that Japan experienced a structural break from a high-growth period with relatively …

This paper aims to show why Irving Fisher's own data on interest rates and inflation in New York, London, Paris, Berlin … changes in inflation, not even in the long run. In Fisher's data, interest rates have more persistence than inflation and … change less than inflation over time. The Fisher effect is a misnomer unless it is taken to refer to what Fisher actually …

happened had inflation been higher. Second, wages (and prices) are given in nominal contracts, and inflation affects both how …This paper reviews the literature on the effects of low steady-state inflation on wage formation, focusing on four … different effects. First, under low inflation, downward nominal wage rigidity (DNWR) may prevent real wage cuts that would have …

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … tax brackets slowly to a rise in prices, typically less often than once every other year in the US post-war history. We … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …

The effect of a permanent change of inflation on the distribution of wealth is analyzed in a general equilibrium OLG … of inflation results in a lower stock market participation rate; in addition, the distribution of wealth becomes more … unequal, even though the quantitative effect is economically negligible. Furthermore, we show that the welfare costs of …

stronger bargaining position when they try to prevent a cut in money wages. If inflation is so low that some money wages have … to be cut, workers stronger bargaining position requires higher unemployment in equilibrium. However, inflation is more … stable when money wage rigidity binds, providing an incentive for monetary policy makers to choose a low target for inflation …

We study how domestic and global output gaps affect CPI inflation. We use a New-Keynesian Phillips curve framework …1-2017Q4 period. We find broadly that both global and domestic output gaps are significant drivers of inflation both in … output gaps on inflation. …

This paper examines the causal effects of shifts in international food commodity prices on euro area inflation dynamics …%-30% of inflation volatility. In addition, large autonomous swings in international food prices contributed significantly to … food retail prices through the food production chain, but also trigger indirect effects via rising inflation expectations …