Publications

31 publications found, searching for 'Inflation '

• Strategic Analysis
  October 14, 2025

  The US Economy amid Rising Global Uncertainty

  Dimitri B. Papadimitriou, Giuliano Toshiro Yajima, and Gennaro Zezza
  Abstract

  Contrary to upbeat announcements on the prospects for the US economy from the current administration in Washington, economic conditions are softening for this year. The market for labor is increasing…more

  Download Strategic Analysis, October 2025 PDF (1.37 MB)
• Working Paper No. 1080
  April 04, 2025

  Protecting Social Security: The Case Against Extending the Full Retirement Age

  Edward Lane
  Abstract

  The Social Security “full retirement age” (FRA) is the age at which retirement income benefits are available without reduction for early commencement. Presently, that age is 67 for those born…more

  Download Working Paper No. 1080 PDF (402.09 KB)
• Working Paper No. 1069
  December 10, 2024

  Tax Credits Are Industrial Policy

  Chirag Lala
  Abstract

  Originally issued as EDI Working Paper No. 19, March 2024 The Inflation Reduction Act (IRA) is criticized for “derisking” private investment by increasing the gains to private firms. The derisking…more

  Download Working Paper No. 1069 PDF (1.05 MB)
• Policy Note No. 2024/2
  November 04, 2024

  Inflation

  Edward Lane
  Abstract

  Edward Lane surveys some of the main potential contributors to the recent period of elevated inflation rates in the US economy—focusing on supply disruptions, inflation-adjusted consumer spending, and consumer spending…more

  Download Policy Note 2024/2 PDF (562.43 KB)
• Working Paper No. 1042
  February 13, 2024

  Saving Social Security

  Edward Lane
  Abstract

  For more than 25 years, the Social Security Trust Fund was projected to run out of money in 2033 (give or take a few years), potentially causing benefits to be…more

  Download Working Paper No. 1042 PDF (2.11 MB)
• Working Paper No. 1037
  January 10, 2024

  Markups, Profit Shares, and Cost-Push-Profit-Led Inflation

  Michalis Nikiforos and Simon Grothe
  Abstract

  The post-pandemic surge in inflation was accompanied by a surge in the corporate share of profits. As a result, several economists and policy makers have given to it names such…more

  Download Working Paper No. 1037 PDF (408.42 KB)
• Working Paper No. 1028
  August 21, 2023

  Contractionary Effects of Foreign Price Shocks (and Potentially Expansionary Effects of Inflation)

  Michalis Nikiforos and Simon Grothe
  Abstract

  Using the model proposed in Krugman and Taylor’s “Contractionary effects of devaluation” (1978), we examine the macroeconomic effects of shocks to foreign prices. We show that these shocks can be…more

  Download Working Paper No. 1028 PDF (1.06 MB)
• Strategic Analysis
  July 20, 2023

  Will the US Debt Ceiling Deal Derail the Pandemic Recovery?

  Dimitri B. Papadimitriou, Gennaro Zezza, Michalis Nikiforos, and Giuliano Toshiro Yajima
  Abstract

  In this Strategic Analysis, Dimitri B. Papadimitriou, Michalis Nikiforos, Giuliano T. Yajima, and Gennaro Zezza discuss how the current state and structural features of the US economy might affect its…more

  Download Strategic Analysis, July 2023 PDF (1.54 MB)
• Working Paper No. 1022
  July 12, 2023

  Has the Time for a European Job Guarantee Policy Arrived?

  Rania Antonopoulos
  Abstract

  As country after country in the European Union is called to respond to the current challenge of our time—high inflation and declining real wages—governments must engage in a transformative agenda…more

  Download Working Paper No. 1022 PDF (413.22 KB)
• Working Paper No. 1020
  June 28, 2023

  The Macrodynamics of Indian Rupee Swap Yields

  Tanweer Akram and Khawaja Mamun
  Abstract

  This paper econometrically models the dynamics of Indian rupee (INR) swap yields based on key macroeconomic factors using the autoregressive distributive lag (ARDL) approach. It examines whether the short-term interest…more

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• Working Paper No. 1019
  May 08, 2023

  An Inquiry Concerning Japanese Yen Interest Rate Swap Yields

  Tanweer Akram and Khawaja Mamun
  Abstract

  This paper econometrically models Japanese yen (JPY)–denominated interest rate swap yields. It examines whether the short-term interest rate exerts an influence on the long-term JPY swap yield after controlling for…more

  Download Working Paper No. 1019 PDF (1.05 MB)
• One-Pager
  December 07, 2022

  The Causes of Pandemic Inflation

  L. Randall Wray
  Abstract

  While the trigger for the Covid recession was unusual—a collapse of the supply side that produced a drop in demand—the inflation the US economy is now facing is not atypical,…more

  Download One-Pager No. 70 PDF (128.13 KB)
• Strategic Analysis
  October 13, 2022

  Greece: Recovery, or Another Recession?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Nikolaos Rodousakis
  Abstract

  In this strategic analysis, Institute President Dimitri B. Papadimitriou, Senior Scholar Gennaro Zezza, and Research Associate Nikolaos Rodousakis discuss the medium-term prospects for the Greek economy in a time of…more

  Download Strategic Analysis, October 2022 PDF (1.18 MB)
• Strategic Analysis
  October 13, 2022

  Ελλάδα: Ανάκαμψη, ή μια νέα Ύφεση;

  Dimitri B. Papadimitriou, Gennaro Zezza, and Nikolaos Rodousakis
  Abstract

  Σε αυτή τη στρατηγική ανάλυση, ο Πρόεδρος του Ινστιτούτου Δημήτρης Παπαδημητρίου, ο ερευνητής Gennaro Zezza και ο επιστημονικός συνεργάτης Νίκος Ροδουσάκης αναλύουν τις μεσοπρόθεσμες προοπτικές για την ελληνική οικονομία, σε…more

  Download ΕΛΛΑΔΑ ΣΤΡΑΤΗΓΙΚΗ ΑΝΑΛΥΣΗ 10 2022 PDF (1.27 MB)
• Working Paper No. 1003
  March 04, 2022

  What’s Causing Accelerating Inflation

  L. Randall Wray and Yeva Nersisyan
  Abstract

  This paper examines the recent increase of the measured inflation rate to assess the degree to which the acceleration is due to problems created (largely on the supply side) by…more

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• Working Paper No. 996
  December 13, 2021

  Seven Replies to the Critiques of Modern Money Theory

  Abstract

  Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has…more

  Download Working Paper No. 996 PDF (1.70 MB)
• Public Policy Brief No. 156
  December 08, 2021

  Still Flying Blind after All These Years

  Dimitri B. Papadimitriou and L. Randall Wray
  Abstract

  Institute President Dimitri B. Papadimitriou and Senior Scholar L. Randall Wray contend that the prevailing approach to monetary policy and inflation is influenced by a set of concepts that are…more

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• One-Pager No. 68
  November 01, 2021

  Are Concerns over Growing Federal Government Debt Misplaced?

  L. Randall Wray
  Abstract

  With the US Treasury cutting checks totaling approximately $5 trillion to deal with the COVID-19 crisis, Senior Scholar L. Randall Wray argues that when it comes to the federal government,…more

  Download One-Pager No. 68 PDF (106.37 KB)
• Working Paper No. 991
  July 12, 2021

  Multifactor Keynesian Models of the Long-Term Interest Rate

  Tanweer Akram
  Abstract

  This paper presents multifactor Keynesian models of the long-term interest rate. In recent years there have been a proliferation of empirical studies based on the Keynesian approach to interest rate…more

  Download Working Paper No. 991 PDF (245.33 KB)
• Working Paper No. 876
  October 12, 2016

  Normalizing the Fed Funds Rate

  Flavia Dantas
  Abstract

  In December 2015, the Federal Reserve Board (FRB) initiated the process of “normalization,” with the objective of gradually raising the federal funds rate back to “normal”—i.e., levels that are “neither…more

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• Policy Note No. 2
  April 04, 2016

  The Narrow Path for Brazil

  Abstract

  Brazil is mired in a joint economic and political crisis, and the way out is unclear. In 2015 the country experienced a steep contraction of output alongside elevated inflation, all…more

  Download Policy Note 2016/2 PDF (209.48 KB)
• Working Paper No. 848
  October 23, 2015

  Is Monetary Financing Inflationary?

  Josh Ryan-Collins
  Abstract

  Historically high levels of private and public debt coupled with already very low short-term interest rates appear to limit the options for stimulative monetary policy in many advanced economies today….more

  Download Working Paper No. 848 PDF (580.72 KB)
• Working Paper No. 816
  September 30, 2014

  Coping with Imbalances in the Euro Area

  Eckhard Hein and Daniel Detzer
  Abstract

  In this paper we outline alternative policy recommendations addressing the problems of differential inflation, divergence in competitiveness, and associated current account imbalances within the euro area. The major purpose of…more

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• Working Paper No. 813
  August 06, 2014

  Economic Policy in India

  Sunanda Sen and Zico DasGupta
  Abstract

  The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at “price…more

  Download Working Paper No. 813 PDF (726.09 KB)