The perception that Asia's inflation dynamics are driven by idiosyncratic supply shocks implies, as a corollary, a … economy in the last couple of decades suggest that the drivers of inflation may have changed. This paper presents a … quantitative analysis of inflation dynamics in Asia using a Global VAR (GVAR) model, which explicitly incorporates trade and …

components in international inflation rates. This paper characterizes such links in international inflation rates with a dynamic … latent factor model that decomposes 64 national inflation rates into world, regional, and idiosyncratic components. The world … and regional components account for 35% and 16%, respectively, of annual inflation variability on average across countries …

central banks to control inflation within their borders, at least in the absence of coordination of policy with other central … the ability of monetary policy to control inflation: by making liquidity premia a function of 'global liquidity' rather … to control the dynamics of inflation. …

rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices …

explosion of inflation during his administration (above 1,500% on a six-month annualized measure) was predictable, and that the … that the combination of runaway inflation, shortages, and black markets generated major disaffection among the middle class …

rate movements start to influence the price inflation in China in a significant way. This paper estimates a structural …

level of inflation we note important regime dependence in the inflation response to monetary policy shocks. …