The paper studies the extent of global inflation synchronization using a dynamic factor model in a large set of … (advanced economies and emerging market and developing economies) and to analyze commonalities in inflation synchronization … across a wide range of inflation measures. The paper reports three major results. First, inflation movements have become …

The degree to which domestic prices adjust to exchange rate movements is key to understanding inflation dynamics, and … hence to guiding monetary policy. However, the exchange rate pass-through to inflation varies considerably across countries … countries that combine flexible exchange rate regimes and credible inflation targets. Finally, the empirical results suggest …

This paper quantitatively assesses the effects of inflation shocks on the public debt-to-GDP ratio in 19 advanced … impulse responses by local projections both suggest that a 1 percentage point shock to the inflation rate reduces the debt … higher inflation, even if accompanied by some financial repression, could reduce the public debt burden only marginally in …