In contrast to similar credit expansions in the euro periphery in the 2000s and East Asia in the 1990s, China’s credit boom is far less likely to end in a dramatic bust because it’s financed by domestic savings.

The Organization of Arab Petroleum Exporting Countries imposed an oil embargo on the United States in October 1973 in response to U.S. support of Israel during the Yom Kippur War. The embargo was lifted in March 1974, and although it lasted less than six months, the effects on inflation and...

A high statistical correlation can be found between the level of policy transparency among central banks and the anchoring of inflation expectations.

Temporary supply factors may boost some commodity prices—a drought in the Midwest can jolt food costs, or a conflict in the Middle East might propel oil higher. These, in turn, can increase the overall consumer price index (CPI) and the headline inflation rate. ; Because central bank...