This study investigates the relationship between the adoption of renewable energy and the sensitivity of inflation to … oil and gas prices leading to a surge in inflation, the notion of a "divine coincidence" suggests that higher levels of … renewable energy adoption, in addition to fighting climate change, could mitigate fossil fuel price-induced inflation volatility …

We study the global inflation surge during the pandemic recovery and the implications for aggregate and sectoral … differences in the inflation response across sectors imply the relative price of goods has been pro-cyclical this time around … calibrated exercise shows that the resulting changes to the output-inflation relation are quantitatively important and improve …

This paper identifies over 100 inflation shock episodes in 56 countries since the 1970s, including over 60 episodes … linked to the 1973-79 oil crises. We document that only in 60 percent of the episodes was inflation brought back down (or … "resolved") within 5 years, and that even in these "successful" cases resolving inflation took, on average, over 3 years …

The surge in energy prices in 2022 has been a defining factor behind the increase in euro area inflation. We assess the … to mute the effects of the increase in energy prices and to lower inflation. Overall, we find that these unconventional … measures reduced euro area inflation by 1 to 2 percentage points in 2022 and may avoid an undershoot later on. When …

Inflation and unemployment rate were largely disconnected between 2000 and 2019 in advanced economies. We decompose … core inflation into two parts based on the cyclical sensitivity of CPI components and document several salient facts: (i … inflation and unemployment rate. The approach has potential to help understand forces shaping price pressures during the …

shocks on inflation depends on the type and intensity of shocks, country income level, and monetary policy regime …. Specifically, droughts tend to have the highest overall positive impact on inflation, reflecting rising food prices. Interestingly …, floods tend to have a dampening impact on inflation, pointing to the predominance of demand shocks in this case. Over the …