What are the contributions of demand and supply factors to inflation? To address this question, we follow Shapiro (2022 …) and construct quarterly demand-driven and supply-driven inflation series for 32 countries utilizing sectoral Personal … Consumption Expenditures (PCE) data. We highlight global trends and country-specific differences in inflation decompositions …

The post-pandemic rise in consumer prices across the world has renewed interest in inflation dynamics after decades of … global disinflation. This paper contributes to the literature by providing a granular investigation of inflation persistence … at the city level in Lithuania during the period 2000-2021, as well as a comparison of inflation persistence at the …

In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that … the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which … influence the expected inflation distribution through disagreement, level shift and ambiguity. Linking these functional shocks …

rate changes are increasing multiples of one-year changes. Using data from 2000-2024 for nine inflation-targeting countries …

a technology shock, into contributions of output, inflation, interest rates, and other observed variables' contribution …

This paper reviews recent advances in the specification and estimation of Bayesian Vector Autoregressive models (BVARs …). After describing the Bayesian principle of estimation, we first present the methodology originally developed by Litterman … issues in forecasting and structural analysis. An application to the estimation of a system of time-varying reaction …

-induced inflation anticipations that are typical to Guyana. …

financial variables in the CEE countries is similar to the one in mature economies. However, inflation shocks have very little … curve are transmitted both to interest rates and inflation expectations in the CEE countries-and transmission is stronger …