Explore how moderate inflation boosts economic growth, prevents deflation, and affects consumer spending and savings, according to economists and policymakers.

If the government shutdown continues, millions of low-income Americans will lose out on Supplemental Nutrition Assistance Program benefits on Nov. 1. Total federal SNAP funding amounts to about $100 ...

We develop and estimate a parsimonious New-Keynesian small open-economy model that incorporates Diagnostic Expectations (DE)—a behavioral alternative to Rational Expectations (RE). Under DE, agents ...