Collect an inflation report from the central bank website of an OECD economy (e.g. the Bank of England, the ECB, the Federal Reserve etc.) and answer the following questions:

(a) What factors do they view as important drivers of inflation (or the outlook for inflation)?

(b) Divide these factors into supply-side and demand-side factors.

(c) For each factor, provide a plausible explanation for which curve of the model they affect (e.g. IS, WS or PS).

(d) For each factor, in which direction would you expect the affected curve to shift?