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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...
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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 peak in mid-2022 and then decline, but to remain elevated...
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global crises -- Chapter 4. Conceptual issues — Depressions, recessions, crisis cycles, business cycles -- Chapter 5. A world … the world economy that have occurred from the 1970s to the present day. It makes the specific case that the global economy … world economic activity—as measured by investment, industrial production, trade, or unemployment—in which many national …
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In the wake of the global pandemic and amidst rapidly advancing technologies, the domains of tourism, travel, and trade have undergone significant changes. This article overviews some of the most noteworthy research and findings in these interconnected areas since 2020. We provide an evaluation...
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