What have we learned about inflation dynamics?

Catherine L. Mann () and Christina Romer
Additional contact information
Catherine L. Mann: Bank of England
Christina Romer: Bank of England

Business Economics, 2024, vol. 59, issue 1, No 2, 3-9

Abstract: Abstract The recent runup in inflation has raised serious concerns, discussed by a panel of macro and monetary economists who are also current and past policymakers. History suggests that inflation tends to decelerate more slowly than it ramps, which is particularly relevant given the series of shocks. Could inflation expectations become unhinged, making the policy task of unwinding high inflation even more difficult? How strong is the Fed’s commitment to push down inflation? Has it been a mistake for the Fed and other Central Banks to pause rate hikes? How much of a complication has expansionary fiscal policy created? Has the equilibrium rate of interest increased?

Keywords: Inflation; Monetary policy; R-star; Inflation expectations (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/s11369-023-00343-1 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:buseco:v:59:y:2024:i:1:d:10.1057_s11369-023-00343-1

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11369

DOI: 10.1057/s11369-023-00343-1

Access Statistics for this article

Business Economics is currently edited by Charles Steindel

More articles in Business Economics from Palgrave Macmillan, National Association for Business Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().