A salient feature of the post-COVID inflation surge is that economic activity has remained resilient despite unfavorable supply-side developments. We develop a macroeconomic model with nonlinear price ...

Recent research has identified periods when the Federal Reserve intentionally acted to slow inflation when it exceeded desired levels. The success of these disinflation attempts reveals the extent of ...

Discover the inflation risks of fiat and commodity money, their core differences, and the implications for financial ...

We expect that the money supply will continue to grow. In the US, prior to 2008 there was plenty of monetary inflation but no QE programs. A problem will arise when the economy becomes very weak and ...

We examine the money supply represented by M2, the Federal budget deficit, the Fed’s previous adventures with QE, and the correlation to inflation. The first is to view the inflation-adjusted value of ...