near-term using an event study of inflation around global recessions and a factor-augmented vector auto-regression (FAVAR …We analyze the evolution and drivers of inflation during the pandemic and the likely trajectory of inflation in the …) model. We report three main results. First, the decline in global inflation during the 2020 global recession was the most …

response of commodity prices to the shock. …

structural polices for an older, indebted and more fragmented world. …, the collapse of the Bretton Woods system, the Great Inflation, the Latin American hyperinflation(s), the Great Moderation … until the highest global inflation spike in two generations which started in 2021. The book covers these dynamics in …

by VIX shock during the global financial crisis, by fleet development shock during the period of overbuilt shipping … recovered more quickly from the shock during the COVID-19 compared to other periods, implying that the uncertainty had a greater …