We employ a parsimonious nonlinear Interacted-VAR to examine whether the real effects of uncertainty shocks are greater …

the shift towards reduced inflation regimes in our sample of countries. Finally, we notice that the distinction between …

policy shock leads to a persistent fall in international output, a drop in global inflation rates, a rise in international …

conclude that monetary policy shocks were not the major driver of output, inflation, or interest rates during the Great …

Greater international economic interconnectedness over recent decades has been changing inflation dynamics. This paper …, is an important channel through which global economic slack influences domestic inflation. In particular, we document the … inflation rates, both across countries and over time. Accounting for the role of GVCs, we also find that the conventional trade …

Using a time-varying parameter vector autoregression (TVP-VAR) with a new sign restriction framework, we study the …

This paper employs a stylized New Keynesian DSGE model for a monetary union to analyze whether cyclical inflation … the fraction of borrowers and to a lesser extent the loan-to-value ratio - generate inflation differentials that are … characteristics of financial markets should be seen as a possible alternative explanation for the observable inflation dispersion in …