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9212 Results

Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge

Staff Working Paper 2024-31 Alberto Cavallo, Oleksiy Kryvtsov
We study how price variation within a store changes with inflation, and whether households exploit these changes to reduce the burden of inflation. We find that price changes from discounts mitigated the inflation burden while cheapflation exacerbated it.
May 8, 2025

Press Conference: Financial Stability Report

10:00 (ET)
The Governor and Senior Deputy Governor hold a press conference to discuss the contents of the Report. A detailed review of developments in the financial system and an analysis of policy directions in the financial sector.

Content Type(s): Upcoming events

Miguel Molico

Miguel Molico
Miguel Molico was appointed Senior Research Director in the Financial Markets Department (FMD) in February 2024. In this role, he provides strategic direction and leadership for FMD’s research and policy work.
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