Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska; … - 2023
without inflation-targeting regimes; and countries with pegged exchange rate regimes. Our headline results are robust to a …This paper examines the global drivers of inflation in 55 countries over the 1970–2022 period. We estimate a Factor … domestic shocks. We report three main results. First, global shocks have explained about 26 percent of inflation variation in a …