international shock that drives national inflation uncertainty and which is closely related to oil and commodity price uncertainty …We investigate the international linkages of inflation uncertainty in the G7. In a first step, we document that … inflation uncertainty in the G7 is intertwined. Moreover, the degree of synchronization has increased during the recent two …

This paper estimates a time-varying AR-GARCH model of inflation producing measures of inflation uncertainty for the … policy regime change associated with the start of EMU in 1999. The main findings are as follows. Steady-state inflation and … inflation uncertainty have declined steadily since the inception of EMU, whilst short-run uncertainty has increased, mainly …

Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under … on stationary hyperinflationary paths near the high-inflation steady state. The hyperinflationary paths are stable under …

as large as those arising from an aggregate productivity shock. Heterogeneous price rigidity amplifies the aggregate …

natural experiment to identify the effect of a global political shock on expectations about national inflation rates. We find … favour an immediate reaction of monetary policy to the increased inflation, which gives further evidence of the shock being … inflation expectations among 145 tenured economics professors in Germany and exploit the 2022 Russian invasion in Ukraine as a …

prices rises sharply for input constraint firms in response to an expansionary monetary policy shock, independent of their …

Is inflation (still) a global phenomenon? We study the international co-movement of inflation based on a dynamic factor … explains approximately 58% of the variation in headline inflation across all countries and over 72% in OECD economies. The … explanatory power of global inflation is equally high in a shorter sample spanning the time since 2000. Core inflation is also …