This paper analyzes the monetary policy response to rising inflation in emerging and developing countries associated … with the food and oil price shocks in 2007 and the first half of 2008. It reviews inflation developments in a sample of … of inflation; provides a synthesis of policy responses taken against the background of the conflicting objectives and …

the surge of inflation in 2021 mainly as the result of a price markup shock, which is more persistent and requires a …This paper studies how and why inflation expectations have changed since the emergence of Covid-19. Using micro …-year and five-ten year horizons has widened since the surge of inflation during 2021, along with the mean. Persistently high …

inflation. Through a novel consumption deflator decomposition, we show that import prices account for 40 percent of the average … supply-demand mismatches. While the results show that firms have passed on more than the nominal cost shock, and have fared … convergence of inflation to target over the next two years. Monetary policy will thus need to remain restrictive to anchor …

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 …

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 …

What is the impact of climate change on inflation and growth dynamics? This is not a simple question to answer as … climate-related shocks affect inflation and economic growth also depends on long-run scarring in the economy and the country … investigate how climate shocks, as measured by climate-induced natural disasters, influence inflation and economic growth in a …

and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … precautionary oil demand shock. The paper's aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE … framework. It models a small open economy and the rest of the world together to discover both accompanying effects of oil price …