the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served … economic policies followed by emerging markets such as China and the oil-exporting countries contributed to the US ability to …. Moreover, our analysis has shown that liquidity will first show up in asset price inflation and only later in consumer goods …

Monetary policy rules have been considered as fundamental protection against inflation. However, empirical evidence for … a correlation between rules and inflation is relatively weak. In this paper, we first discuss likely causes for this …

The integration of China into the global economy is one of the most spectacular events in economic history. This paper … investigates to what extent this process affects output growth and inflation in the advanced countries. A GVAR model is specified … to explore interdependencies between business cycles in China and industrial countries, including the US, the euro area …

useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …

strongly than in the rational model after an inflationary supply shock to fully stabilize inflation. While fully stabilizing … inflation keeps output at potential, higher real interest rates mainly benefit wealthy households and increase the cost of …

estimating the effect on overall headline inflation, we examine effects on its 12 main sub-indices and further sub-categories of … food price inflation. This allows us to disentangle differences in the direction and strength of price effects across … consumption categories. Our results suggest significant positive effects of natural disasters on overall headline inflation, with …

American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the …