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New York Fed: 'Micro and Macro Cost-Price Dynamics in Normal Times and During Inflation Surges'
May 15, 2026
NEW YORK, May 15 (TNSLrpt) -- The Federal Reserve Bank of New York issued the following staff report (No. 1195) in May 2026 by Luca Gagliardone, Mark Gertler, Simone Lenzu, and Joris Tielens entitled "Micro and Macro Cost-Price Dynamics in Normal Times and During Inflation Surges."

Here are excerpts:

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We develop a unified approach to studying cost-price dynamics in the cross-section of firms in order to jointly explain the time series of aggr . . .

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