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 …

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 …

markets now expect is not enough to reduce inflation to targets, experience from previous global recessions suggests that the …

near-term economic outlook, characterised by persistently low nominal interest rates and inflation, and in a lasting low …-real-interest-rate world. Our findings suggest that, if unaddressed, the lower bound can have very substantial costs in terms of worsened …

near-term economic outlook, characterised by persistently low nominal interest rates and inflation, and in a lasting low …-real-interest-rate world. Our findings suggest that, if unaddressed, the lower bound can have very substantial costs in terms of worsened …