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 …

This paper studies the effects of global and domestic inflation shocks on core price inflation in 105 countries between … empirical results indicate that most of the variation in inflation among low-income countries over the past decades is accounted … for by external shocks. More than half of the variation in core inflation rates among low-income countries is due to …