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 investigate the flattening Phillips relation by making two departures from standard
specifications. First, we measure slack using real activity variables that are bandpass filtered …

Introduction Understanding the impact of prices for tobacco and nicotine products is critical
for creating policies to prevent use among young people. This study examines the impact of …

Inflation fell dramatically following the onset of the COVID-19 pandemic. Dividing the
underlying price data according to spending category reveals that a majority of the drop in …

Large price changes in industries affected by the COVID-19 pandemic have caused erratic
fluctuations in the US headline inflation rate. This paper compares alternative approaches to …

Klimakrise, Pandemie, Ungleichheit, politischer Rechtsruck―große gesellschaftliche
Herausforderungen, die es zu lösen gilt. Leider scheitern Reformen zumeist an der Frage:" …

We investigate the structural relationship between wages and core inflation in the euro area
using Bayesian VAR models. We find that the pass-through from wages to consumer prices …

This paper proposes two measures of underlying inflation for euro area as an alternative to
the Harmonized Index of Consumer Prices excluding Food and Energy. The first measure …

Inflation and unemployment rate were largely disconnected between 2000 and 2019 in
advanced economies. We decompose core inflation into two parts based on the cyclical …

Inflation has fallen at such a speed that it is no longer in the range predicted by a persistent
Phillips Curve model trained on data from the 1970s. Scenarios of entrenched, higher …