Template-Type: ReDIF-Paper 1.0
Author-Name: Laurence M.  Ball
Author-Name-First: Laurence M. 
Author-Name-Last: Ball
Author-Email: lball@jhu.edu
Author-Workplace-Name: Department of Economics Johns Hopkins University Baltimore, MD 21218
Author-Name: Daniel  Leigh
Author-Name-First: Daniel 
Author-Name-Last: Leigh
Author-Email: dleigh@imf.org
Author-Workplace-Name: Western Hemisphere Department International Monetary Fund Washington, DC 20431
Author-Name: Prachi  Mishra
Author-Name-First: Prachi 
Author-Name-Last: Mishra
Author-Email: prachi.mishra@ashoka.edu.in
Author-Workplace-Name: Ashoka University Department of Economics and Isaac Center for Public Policy Sonepat Haryana-131029
Title: The Rise and Retreat of US Inflation: An Update
Abstract: Why did US inflation rise over 2021-22 and why has it retreated since then? Ball, Leigh, and Mishra (2022), writing near the inflation peak, explained the rise with a framework in which inflation depends on three factors: long-term expectations; the tightness of the labor market as measured by the vacancy-to-unemployment (V/U) ratio; and large changes in relative prices in particular industries such as energy and autos. This paper finds that the same framework explains the retreat in inflation since our earlier work.
length: 44
Creation-Date: 20250517
Revision-Date: 
Publication-Status: 
File-URL:/www/wwwashokaeduin_628/public/dp/RePEc/ash/wpaper/paper146_0.pdf
File-Format: Application/pdf 
Number: 146
Handle: RePEc:ash:wpaper:146