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In reality, the oil price has less influence on inflationary trends and expectations today than in earlier decades, partly because central banks have greater credibility and…
Disinflation is underway on both sides of the North Atlantic, but it is not yet deeply entrenched, giving both central banks a reason to delay cuts. The ECB must contend with…
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DOI: 10.1108/OXAN-DB285238
ISSN: 2633-304X
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Geographic
Topical
The surge in inflation this year owes more to supply bottlenecks caused by the release of pent-up demand than to falling unemployment. In the decade before the pandemic, US…
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DOI: 10.1108/OXAN-DB266105
ISSN: 2633-304X
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Geographic
Topical
An embedded wage-price spiral took hold in the late 1970s; the price of breaking it was almost a decade of high unemployment. Today's situation more closely resembles 1946-48…
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DOI: 10.1108/OXAN-DB273002
ISSN: 2633-304X
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Geographic
Topical
Yen weakness in the face of persistently strong US interest rates argues for further monetary tightening but that is countered by wage- and price-growth in Japan remaining below…
Outlook for the oil price.
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DOI: 10.1108/OXAN-DB238784
ISSN: 2633-304X
Keywords
Geographic
Topical
At a press conference after the previous meeting on October 22, ECB President Mario Draghi was clear that downside risks to the inflation outlook might lead to a reassessment at…
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DOI: 10.1108/OXAN-DB207007
ISSN: 2633-304X
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Geographic
Topical
Inflation targeting.
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DOI: 10.1108/OXAN-DB249328
ISSN: 2633-304X
Keywords
Geographic
Topical
The outlook for fiscal consolidation.
The economic outlook for Japan.