Recent energy and food price surges, in the wake of Russia's invasion of Ukraine, have exacerbated inflation … pressuresthat are unusually high by the standards of the past two decades. High and rising inflation has prompted many emerging …. Inflation is expected to ease back towards targets over the medium-term as recent shocks unwind, but the 1970s experience is a …

After soaring in the 1970s, inflation in Organisation of Economic Cooperation and Development countries stabilised … central banks’ ability to control inflation could be weaker as a result. We explore the different ways in which globalisation … could have an impact on inflation and monetary policy transmission channels. We conclude that inflation dynamics can be …