Elevated inflation continues to be a top-of-mind preoccupation for households, businesses, and policymakers. Why has the post-pandemic inflation proved so persistent? In a Liberty Street Economics post early in 2022, we introduced a measure designed to dissect the buildup of the inflationary pressures that emerged in mid-2021 and to understand where the sources of its persistence are. This measure, that we labeled Multivariate Core Trend (MCT) inflation analyzes whether inflation is short-liv...| Liberty Street Economics
A look at global inflation trends since the onset of the pandemic and how they may result from correlated or global shocks.| Liberty Street Economics
An analysis of the correlation of pre- and post-pandemic U.S. and global inflation dynamics using the Multivariate Core Inflation Trend (MCT) model.| Liberty Street Economics
A look at the international and domestic factors behind the rise and fall of inflation around the world in the aftermath of the COVID-19 pandemic.| Liberty Street Economics