Does Growth in the Money Supply Predict U.S. Inflation? Yes, but …
Michael W. McCracken & Lillian Fu KEY TAKEAWAYS Πηγή: Federal Reserve Bank of St. Louis πλήρες κείμενο
Demand-Driven Inflation
Domenico Giannone & Giorgio Primiceri Post-covid inflation was predominantly driven by unexpectedly strong demand forces—both in the United States and in the Euro Area. We establish this result using a sequence of structural VARs with progressively richer specifications, interpret it through the lens of standard AD-AS analysis and an estimated DSGE model, and provide independent […]