quantities of personal consumption expenditures to assess the contribution of monetary policy to changes in U.S. inflation … dynamics. Given that the transmission of monetary policy to aggregate inflation is determined by the responses of its …

increase in this volatility has a statistically significant impact on GDP growth and inflation, the relative contribution of …

are estimated using output growth, inflation and a short-term interest rate. This paper extends these models by … and volatility of inflation and output but also suggest that these findings extend to money growth and asset prices. The …

-WWII period. The contribution of regional comovements, however, has increased significantly. Second, the share of inflation … comovements within regions have accounted for the bulk of fluctuations in business cycle and inflation. Fourth, prices have become …

share of inflation variation due to a global factor has become larger since 1985. Third, over most of the post-WWII period …, international comovements regions have accounted for the bulk of fluctuations in business cycle and inflation. Fourth, prices have …

Recent research has found evidence of increasing comovement in CPI inflation rates across industrialised countries … Q2, and decompose the inflation rates into a world factor, country-specific factors, and category-specific factors using …

Recent research has found evidence of increasing co-movement in CPI inflation rates across industrialised countries …. This paper considers whether this increased international co-movement in inflation rates can be attributed to greater … indices for 14 advanced economies for 1998Q1 - 2008Q2, and decompose the inflation rates into a world factor, country …

Several industrialised countries have had a similar inflation experience in the past 30 years, with inflation high and … volatile in the 1970s and the 1980s but low and stable in the most recent period. We explore the dynamics of inflation in these … countries via a time-varying factor model. This statistical model is used to describe movements in inflation that are …