We study the impact of fluctuations in global oil prices on domestic inflation using an unbalanced panel of 72 advanced … and developing economies over the period from 1970 to 2015. We find that a 10 percent increase in global oil inflation … increases, on average, domestic inflation by about 0.4 percentage point on impact, with the effect vanishing after two years and …

supply chain disruptions for inflation and monetary policy in sub-Saharan Africa. Increases in supply chain pressures have … had a sizeable impact on headline, food, and tradable inflation for a panel of 29 sub-Saharan African countries from 2000 … to 2022. Our findings suggest that central banks can stabilize inflation and output more efficiently by monitoring global …

Global inflation has surged to 7.5 percent in August 2022, from an average of 2.1 percent in the decade preceding the … factors to the post-pandemic rise in consumer price inflation, using monthly data and a battery of econometric methodologies … inflation dynamics throughout Europe, country-specific factors, including monetary and fiscal policy responses to the crisis …

Despite closing output gaps and tightening labor markets, inflation has remained low inthe euro area. Based on an … augmented Phillips Curve framework, we find that thisphenomenon-sometimes attributed to low global inflation-has been primarily … causedby a remarkable persistence of inflation, keeping it low despite the reduction in slack. Thisfeature is shown to be …

We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature …, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation … coding of inflation reports to describe inflation factors communicated by central banks in real time. Regarding the latter …

This paper investigates various output gap measures in a simple inflation forecasting framework. Reflecting the … pressures, including a gap could improve the accuracy of autoregressive inflation forecasting. This assertion is tested in a …

to explain why it does not seem to have provided a significant boost to the world economy. This paper aims to address ….8% of world GDP. We find that, on net, shocks driving the oil price in 2015 shaved off 0.2 percentage points of growth for … negative shocks to the world economy …

U.S. monetary policy can remain extraordinarily accommodative only if longer-term inflation expectations stay well … economically small impact on longer-term inflation compensation embedded in U.S. Treasury bonds. The estimated effect is larger for … correlated with the variance of longer-term inflation expectations in the University of Michigan Survey of Consumers in the post …