This paper argues case that a tighter fiscal policy stance can meaningfully support central banks in fighting inflation … more effective than fiscal policy in battling inflation in open economies due to the exchange rate channel, we show that a … economies by reaffirming their commitment to price stability, and by putting the fiscal house in order which reduces risk …

renewable energy adoption, in addition to fighting climate change, could mitigate fossil fuel price-induced inflation volatility … impact of fossil fuel price changes on energy inflation rates. This counter-intuitive result may be attributed to …This study investigates the relationship between the adoption of renewable energy and the sensitivity of inflation to …

differences in the inflation response across sectors imply the relative price of goods has been pro-cyclical this time around …We study the global inflation surge during the pandemic recovery and the implications for aggregate and sectoral … 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. The approach has potential to help understand forces shaping price pressures during the …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 …