Using survey data of inflation expectations across a 36 developed and developing countries, this paper examines whether … the adoption of inflation targeting has helped to anchor inflation expectations. We examine the response of inflation … expectations following a shock to inflation, inflation expectations, and oil prices. For the 13 countries that adopted inflation …

financial policy and analysis covering four areas: the emergence and taming of the great inflation, developments in US external …

This paper uncovers the response pattern to global shocks of euro area countries' real effective exchange rates before … of global shocks. In particular, post-EMU responses to global US dollar shocks have become similar to Germany's response …-EMU responses of euro area countries to global risk aversion shocks have become similar to those of Italy, Portugal or Spain before …

Several recent papers have found that exogenous shocks to spreads paid in corporate credit markets are a substantial … of a VAR that identify credit shocks in the bond market, and compare them to results from a benchmark recursive VAR. We … find that credit market shocks cause a persistent decline in output, prices and policy rates. Historical decompositions …

import share, more persistent exchange rate, more volatile monetary policy, higher inflation rate, and less volatile …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …