Understanding Post-Pandemic Inflation in Japan and the U.S.: A Narrative Sign Restriction Approach

2026

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This paper analyzes the drivers of post-pandemic inflation in Japan and the U.S. using a novel narrative sign restriction approach.

* Compares inflation dynamics in Japan and the U.S. following the COVID-19 pandemic.
* Investigates the roles of supply, demand, labor market tightness, and global shocks.
* Demonstrates the effectiveness of narrative sign restrictions in identifying structural shocks.

Tags: Inflation, SVAR, Labor Market, Narrative Sign Restrictions, Japan, U.S.

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