During the last two decades, the world has experienced a remarkable process of disinflation, with average inflation … rates in industrialized countries falling by 10 percentage points and an even sharper decline of the mean rate of inflation … in developing countries. Parallel to the decline in inflation rates, a tremendous increase in economic integration …

This paper characterizes the relationship between monetary aggregates, inflation and economic activity in Switzerland …, have been followed by persistently higher inflation and output with the usual monetary policy transmission lags. Money and … exchange rate fluctuations can explain the major inflation developments in Switzerland over the past four decades. …

This study investigates the disconnect between falling agricultural commodity prices and persistent food inflation by … analyzes the impact of global crops, fertilizer, and oil prices on domestic inflation and explores the asymmetries in the pass … inflation compared to supply-driven shocks, with country-specific characteristics shaping these responses. A historical …