inflation and rising inflation expectations for years to come. We show that these concerns have been overstated. A $100 oil … scenario of the type discussed by many observers, would only briefly raise monthly headline inflation, before fading rather … quickly. However, the short-run effects on headline inflation would be sizable. For example, on a year-over-year basis …

inflation and rising inflation expectations for years to come. We show that these concerns have been overstated. A $100 oil … scenario of the type discussed by many observers, would only briefly raise monthly headline inflation, before fading rather … quickly. However, the short-run effects on headline inflation would be sizable. For example, on a yearover-year basis …

The conventional wisdom that inflation expectations respond to the level of the price of oil (or the price of gasoline … price shocks may indeed drive one-year household inflation expectations. The model shows that there have been several such … episodes since 1990. In particular, the rise in household inflation expectations between 2009 and 2013 is almost entirely …

U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation …

U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation …

situation poses to price stability. We propose to regard the central banker as a risk manager who aims to contain inflation …

U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation …