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 …

This paper investigates the dynamics between the exchange rate and consumer price inflation in Zambia. The analysis … inflation is equally affected by genuine exchange rate shocks, but appears more reactive to changes in copper prices or the …

This paper presents a comprehensive examination of the determination and evolution of inflation expectations, with a … focus on emerging market and developing economies (EMDEs). The results suggest that long-term inflation expectations in …. Indeed, in EMDEs, long-term inflation expectations are more sensitive to both domestic and global inflation shocks. However …

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 …

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 …

Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …

In the past four to five decades, inflation has fallen around the world, with median annual global consumer price … inflation down from a peak of 16.6 percent in 1974 to 2.6 percent in 2017. This decline began in advanced economies in the mid …-1980s and in emerging market and developing economies in the mid-1990s. By 2000, global inflation had stabilized at …

This paper presents a simple model with financial frictions where inflation increases the cost faced by firms holding … liquid assets to hedge risky production against expenditure shocks. Inflation tilts firms' technology choice away from … previous work. The analysis finds that inflation affects the composition but not the overall quantity of investment. A one …

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 …

for mitigating the adverse effects of deviations from the Friedman rule. When inflation is not too high regulation aimed … welfare cost of inflation only when there are no direct taxes and no proportional intermediation cost: otherwise, the area … under the demand curve overstates the welfare cost of inflation when money substitutes are not important and understates the …