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Understanding inflation in emerging and developing economies

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019

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,...

Persistent link: https://www.econbiz.de/10011980872

The foreign exchange origins of Japan's liquidity trap

McKinnon, Ronald I. - In: The Cato journal : an interdisciplinary journal of … 20 (2000) 1, pp. 73-84

Persistent link: https://www.econbiz.de/10001520455

Foreign exchange origins of Japan's liquidity trap

McKinnon, Ronald I. - In: Reforming the international monetary and financial system, (pp. 52-66). 2000

Persistent link: https://www.econbiz.de/10001581106

Japan's deflationary hangover : wage stagnation and the syndrome of the ever-weaker yen

McKinnon, Ronald I. (contributor) - 2007

Japan still suffers a deflationary hangover from the great episodic yen appreciations of the 1980s into the mid-1990s …. Money wages are still declining, and short-term interest rates remain trapped near zero. After Japan’s “lost decade” from … Europe and the United States have grown, and are growing, faster than in Japan. As the yen becomes weaker in real terms …

Persistent link: https://www.econbiz.de/10003554797

Worldwide inflation and international monetary reform : exchange rates or interest rates?

McKinnon, Ronald I. - In: China & world economy 19 (2011) 5, pp. 1-16

Persistent link: https://www.econbiz.de/10009376611

Interest rate volatility and exchange risk : new rules for a common monetary standard

McKinnon, Ronald I. - In: Contemporary policy issues 8 (1990) 2, pp. 1-17

Persistent link: https://www.econbiz.de/10001089072

What explains global inflation

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska; … - 2023

Persistent link: https://www.econbiz.de/10014442474

What explains global inflation

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska; … - 2023 - This version: December 2023

Persistent link: https://www.econbiz.de/10014517255

What explains global inflation

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska; … - 2023 - This version: December 2023

This paper examines the drivers of fluctuations in global inflation, defined as a common factor across monthly headline consumer price index (CPI) inflation in G7 countries, over the past half-century. We estimate a Factor-Augmented Vector Autoregression model where a wide range of shocks,...

Persistent link: https://www.econbiz.de/10014445364

Global stagflation

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2022

Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to peak in mid-2022 and then decline, but to remain elevated...

Persistent link: https://www.econbiz.de/10013256317