Discussion Paper
Why is the US GDP recovering faster than other advanced economies?
de Soyres, Francois; Garcia-Cabo, Joaquin; Gornemann, Nils M.; Jeon, Sharon; Lofstrom, Grace; Moore, Dylan (2024-05-17)
Economic performance since the onset of the COVID-19 pandemic has been very heterogenous across countries. While real GDP in the U.S. has already returned to its pre-pandemic trend, advanced foreign economies (AFEs) experienced a much weaker recovery, both relative to the U.S. and to their own pre-pandemic trend.
FEDS Notes , Paper 2024-05-17

Discussion Paper
Has the Inflation Process Become More Persistent? Evidence from the Major Advanced Economies
De Michelis, Andrea; Lofstrom, Grace; McHenry, Mike; Orak, Musa; Queraltó, Albert; Scaramucci, Mikaël (2024-07-19)
The sustained surge in inflation around the world following the pandemic has raised the possibility that the inflation process has become more persistent. Such a rise in persistence could result from firms and households putting greater weight on past inflation outcomes in their price- and wage-setting decisions than they did in the recent past, say, because they have less conviction that inflation will return promptly to target.
FEDS Notes , Paper 2024-07-19-3

Discussion Paper
Disinflation Progress: A Comparison of Advanced Economies
de Soyres, Francois; Lofstrom, Grace; Lott, Mitch; Machol, Chris; Saijid, Zina (2024-08-02)
Following several decades of low inflation in most advanced economies, the Covid pandemic gave rise to unprecedented global economic conditions, materializing in a synchronized surge in price pressures. In this note, we analyze the recent inflation burst and assess the disinflation progress across advanced economies.
FEDS Notes , Paper 2024-08-02-5