There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global … forces" are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …

is best suited to reducing or stabilizing inflation. In political economy terms, the choice of monetary arrangement will …

inflation targeting) on selected macroeconomic variables. Estimates of structural VARs are used to ascertain if the countries … that a floating regime with inflation targeting is best for Canada, a monetary union with Australia is the best course of …