A (Bayesian) Update on Inflation and Inflation Persistence

Michael Kiley

No 2023-07-07, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Inflation in 2021 reached the highest level seen since the early 1980s. High inflation has raised questions regarding the speed with which inflation may return to the 2-percent range consistent with the Federal Reserve's inflation objective.

Date: 2023-07-07
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2023-07-07

DOI: 10.17016/2380-7172.3349

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