" So we have now experienced an extraordinary series of shocks if you think about it. The
pandemic, the response, the reopening, inflation, followed by the war in Ukraine, followed by …

We study the impact of the Covid-19 pandemic on Euro Area inflation and how it compares
to the experiences of other countries, such as the United States, over the two-year period …

We document the importance of import prices and domestic profits as a counterpart to the
recent increase in euro area inflation. Through a novel consumption deflator decomposition …

Bernanke and Blanchard answer the question posed by the title by specifying and
estimating a simple dynamic model of prices, wages, and short-run and long-run inflation …

Recognizing that inflation of the value of output and its costs of production must be equal, we
focus on a cost-based macroeconomic structuralist approach in contrast to micro-oriented …

Global supply chain disruptions following the onset of the COVID-19 pandemic contributed
to the rapid rise in US inflation over the past two years. Evidence suggests that supply chain …

We investigate the role supply chain disruptions during the COVID-19 pandemic played in
US producer price index (PPI) inflation. We exploit pre-pandemic cross-industry variation in …

Post-covid inflation was predominantly driven by unexpectedly strong demand forces, not
only in the United States, but also in the Euro Area. In comparison, the inflationary impact of …

Inflation declined rapidly at the onset of the pandemic in the spring of 2020 before taking a
dramatic turn upward in early 2021, rising to levels that remain well above the Federal …

We answer the question posed by the title by specifying and estimating a simple dynamic
model of prices, wages, and short-run and long-run inflation expectations. The estimated …