developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …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 …

We analyze the evolution and drivers of inflation during the pandemic and the likely trajectory of inflation in the … near-term using an event study of inflation around global recessions and a factor-augmented vector auto-regression (FAVAR …) model. We report three main results. First, the decline in global inflation during the 2020 global recession was the most …

Global growth prospects have deteriorated significantly since the beginning of the year, raising the specter of global …, every global recession since 1970 was preceded by a significant weakening of global growth in the previous year, as has … financial conditions and in steepening the global growth slowdown. Third, if the degree of global monetary policy tightening …

for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …