1850-1913. We find that consumer price inflation in all 15 countries co-moves with a broad measure of changes in commodity … which international business cycle movements affect inflation. …

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 …

This paper analyses how globalization has affected inflation in the New EU Members States (NMS), and Poland in … advanced economies. However, future inflation-dampening effects in the NMS are likely to be smaller as the pace of increases in …

Greater international economic interconnectedness over recent decades has been changing inflation dynamics. This paper …, is an important channel through which global economic slack influences domestic inflation. In particular, we document the … inflation rates, both across countries and over time. Accounting for the role of GVCs, we also find that the conventional trade …

petrodollars recycling contributed to significant changes in inflation performance in the U.S. We assume that the impact of … could have only a modest disinflationary effect on U.S. inflation. However, if some fundamental factors, such as these … countries' exchange rates, demand and wage change (i.e. increase), then the downward pressure on U.S. inflation will be …

We study co-movements of inflation in a group of 15 countries before and during the classical Gold Standard by fitting … inflation functions as an "attractor" for domestic inflation rates. The cross-sectional dispersion of inflation declined … six of reduced-form inflation equations. However, sub-sample estimates indicate that the overall finding that …

We empirically characterize episodes of large inflation surges that have been observed worldwide in the last three … decades. We document four facts. (1) Inflation following surges tends to be persistent, with the duration of disinflation … exceeding that of the initial inflation increase. (2) Surges are initially unexpected but followed by a gradual catch-up of …

question the future of globalisation. In this paper we provide a survey of the main arguments put forward in this literature …