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E71
E71
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Review of Economic Studies
Online 18 Feb 2026
Narratives about the MacroeconomyPeter Andre · Ingar Haaland · Christopher Roth · Mirko Wiederholt · Johannes Wohlfart
Layer 1 — Overview Research Question
This paper investigates two related empirical questions in the context of the historic surge in US inflation in late 2021 and 2022: (1) What narratives—causal …