This paper investigates the drivers of inflation in 34 Organization for Economic Cooperation and Development countries … costs are a major source of price instability, whereas massive cash transfers generate demand-pull inflation. Moreover …

Is inflation (still) a global phenomenon? We study the international co-movement of inflation based on a dynamic factor … explains approximately 58% of the variation in headline inflation across all countries and over 72% in OECD economies. The … explanatory power of global inflation is equally high in a shorter sample spanning the time since 2000. Core inflation is also …