Inflation - Publications - Faculty & Research

01 Apr 2019
What Do You Think?

Does Our Bias Against Federal Deficits Need Rethinking?

accompanied by lower inflation and interest rates—that justify deficit spending to produce both economic growth and social programs designed to improve our quality of life and reduce social inequality” (JohnfrmClevelnd). Or, it prompts... View Details

Keywords: by James Heskett

01 Mar 2015
News

Ask the Expert: Inside the Fed

suspect that the economists at the Boston Fed might say that a weaker EU economy suggests somewhat weaker US growth, since many US exporters depend on sales to the EU region. The oil price outlook matters, too, because it affects both the path of View Details

Keywords: Executive, Legislative, and Other General Government Support; Government; Monetary Authorities-Central Bank; Finance

01 Jun 2011
News

An Economy Undermined

fact, stocks on average did not rise at all in the 1970s. Productivity grew more slowly in the ensuing thirty years than it had for any prolonged period since the 1800s. My class’s first decade out from HBS was marked by economic and financial pain, high View Details

Keywords: Jeff Madrick; Finance

12 Nov 2019
Working Paper Summaries

Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy

Keywords: by Alberto Cavallo, Gita Gopinath, Brent Neiman, and Jenny Tang

24 Apr 2014
News

Creating a mathematical method to understand consumer behavior in a digital world

influence by controlling for those “birds-of-a-feather” tendencies. The findings show that social influence accounts for more than 25 percent of all mobile app adoptions. The research also highlights an important risk: If homophily is not removed as a factor, it can... View Details

01 Oct 1998
News

Going Against the Flow

Brazil was defaulting on its overseas debt and hyperinflation was running rampant. Somehow, amid the country's financial fracasso, Jakurski sensed opportunity. "With inflation at times increasing 2 percent daily," he recalls, "we would... View Details

Keywords: Dun Gifford, Jr.

2020
Working Paper

Tariff Passthrough at the Border and at the Store: Evidence from U.S. Trade Policy

By: Alberto Cavallo, Gita Gopinath, Brent Neiman and Jenny Tang

We use micro data collected at the border and the store to characterize the price impact of recent US trade policy on importers, exporters, and consumers. At the border, import tariff passthrough is much higher than exchange rate passthrough. Chinese exporters did not... View Details

Keywords: Trade Policy; Tariffs; Exchange Rate Passthrough; Economics; Trade; Policy; Inflation and Deflation; United States; China

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November 2005
Teaching Note

Japan: Deficits, Demography and Deflation (TN)

By: Richard H.K. Vietor

Keywords: Sovereign Finance; Demographics; Inflation and Deflation; Japan

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January–March 2000
Article

Un nuevo índice de precios para México, 1886-1929 [A New Price Index for Mexico, 1886-1929]

By: Aurora Gómez-Galvarriato and Aldo Musacchio

We present new price indices for the period 1886-1929. These indices have several advantages with respect to the previous ones: i) they cover the whole period with the same methodology, and by reaching 1929 these series can be joined with contemporary price indices,... View Details

Keywords: Price; Inflation and Deflation; Macroeconomics; Mexico

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2024
Working Paper

Markups and Cost Pass-through Along the Supply Chain

By: Santiago E. Alvarez, Alberto Cavallo, Alexander MacKay and Paolo Mengano

We study markups and pricing strategies along the supply chain. Our unique dataset combines detailed price and cost information from a large global manufacturer with matched retail prices collected online for the period July 2018 through June 2023. We show that total... View Details

Keywords: Markups; Pricing; Price; Supply Chain; Inflation and Deflation; Cost

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25 Apr 2016
News

Just Rewards

increasing executive remuneration. “It seemed the payouts at the top were massive and they weren’t warranted,” he says. “Meanwhile, 95 percent of the workforce was getting an annual salary increase of inflation plus one percent.” When he... View Details

22 Mar 2011
First Look

First Look: March 22

Abstract This paper decomposes the excess return predictability in inflation-indexed and nominal government bonds into effects from liquidity, market segmentation, real interest rate risk, and inflation risk. We estimate a large and... View Details

Keywords: Sean Silverthorne

October 2014 (Revised February 2017)
Case

A Currency We Can Call Our Own: Populism, Banking Crises, and Exchange Rate Crises in Argentina, 1946–2002

By: Rafael Di Tella

The case describes Argentina's struggle to establish a credible monetary system under populist pressures and the recurrent use of exchange rate stabilization plans. It focuses on two episodes where there was "too little money" in the economy: during the hyperinflation... View Details

Keywords: Debt Crisis; Hyperinflation; Financial Crisis; Inflation and Deflation; Currency Exchange Rate; Argentina

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July 1986
Article

Inflation, Uncertainty and Investment

By: Carliss Y. Baldwin and R. S. Ruback

Keywords: Inflation and Deflation; Investment; Risk and Uncertainty

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Fast Answer

Producer Price Index / Consumer Price Index

drop-down. In Step 2, choose the region or country and click ADD. In Step 3, expand Fiscal and monetary indicators and then expand Inflation and wages. Choose Producer Price Index (av) and click ADD. In Step 4. Choose... View Details

23 Jul 2020
Research & Ideas

How Countries Use Financial Policy to Fight COVID-19

Policy actions like direct financial transfers compared with tax benefits and their implications for consequences like inflation or growth could be valuable, he says. “There's a huge number of papers in economics about COVID coming out,... View Details

Keywords: by Rachel Layne

Web

The new industrial state? | Institute for Business in Global Society

and the Inflation Reduction Act (IRA). Representatives from key government departments—Treasury, Commerce, Energy, and the White House—joined forces with leaders from finance, manufacturing, and technology sectors to discuss the... View Details

July 1997
Case

Treasury Inflation-Protection Securities (TIPS)

Explores the development of a new product offering based on the first issuance of "real" bonds in the United States. Looks at a specific organization's efforts to position itself to profit from this market development. Follows naturally from a case on nominal bonds. View Details

Keywords: Risk Management; Bonds; Inflation and Deflation; United States

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08 Mar 2016
Research & Ideas

Solving an Economic Mystery Surrounding Argentina and Chile

Argentina, multiple business leaders explained how they were obliged to adopt a short-term decision horizon in response to policy fluctuations, macroeconomic instability and high inflation rates. “Volatility,” one business leader noted,... View Details

Keywords: by Sean Silverthorne