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Persistent link: https://www.econbiz.de/10013184292
soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to …Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …
Persistent link: https://www.econbiz.de/10013256317
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 …
Persistent link: https://www.econbiz.de/10012584054
We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy … rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important … persistent cost-push pressures in the economy leading to a significant deterioration in the inflation - output gap trade …
Persistent link: https://www.econbiz.de/10009546871
markets now expect is not enough to reduce inflation to targets, experience from previous global recessions suggests that the …
Persistent link: https://www.econbiz.de/10013383374
identified two groups of upper regime and lower regime world variables-namely, world inflation, world GDP, and world commodity … studied. This research aims to investigate the interdependent relationships between world GDP, world commodity prices, world … inflation, trade flows, capital inflow, capital account transactions, reserve accumulation, global liquidity (e.g., global broad …
Persistent link: https://www.econbiz.de/10012799838
variation in inflation in India is due to cost-push shocks and, mainly during the years 2008 and 2010, also to global food price …-push, oil price, domestic food price and global food price shocks) are important contributors to inflation in India. Since the …
Persistent link: https://www.econbiz.de/10012951776
Conventional empirical models of monetary policy transmission in emerging market economies produce puzzling results: monetary tightening often leads to an increase in prices (the price puzzle) and depreciation of the currency (the FX puzzle). We show that incorporating forward-looking...
Persistent link: https://www.econbiz.de/10015084194
prices. Given such misdiagnosis risk, the results in this paper strengthen the case for targeting headline inflation as part …://ssrn.com/abstract=2420025" Globalisation, Inflation and Monetary Policy in Asia and the Pacific …
Persistent link: https://www.econbiz.de/10013049950
In the first-half of the global financial turmoil, rising inflation was a major concern for emerging East Asian central … addressing higher inflation or supporting moderate growth. Higher food and fuel prices were the major drivers of headline … inflation. Their causes, however, were a confluence of factors--whether cyclical or structural, domestic or global, supply or …
Persistent link: https://www.econbiz.de/10010529710