In this paper, we examine whether domestic or global output gap affects inflation in three panels: the European Union … inflation in individual countries of the European Union. To find the determinants of inflation, we employ the Granger causality … show that after the crisis the global output gap predicts the evolution of inflation in the Eurozone panel. On the other …

inflation, trade flows, capital inflow, capital account transactions, reserve accumulation, global liquidity (e.g., global broad … money), and monetary aggregates, with regard to Indonesia's GDP variables and inflation. This paper uses threshold vector … identified two groups of upper regime and lower regime world variables-namely, world inflation, world GDP, and world commodity …

This article analyses the link between the changes in and the drivers of inflation in a broad range of advanced … economies, with special emphasis on those of the euro area. Inflation rates are seen to be highly synchronised across countries …, the comovement of inflation is found to be a phenomenon that tends to be more visible in the medium and long-term. At the …

In this paper, I use data from 19 industrialized countries to investigate the oil price pass-through into inflation … declining effects of oil shocks on inflation are investigated. A low inflation environment and decreasing energy intensity can …

particular, they focus not only on real activity, which has received most attention to date, but also on inflation and its … most extreme aspects concern a real activity decline that was unusually long but less unusually deep, and an inflation … decline that was unusually deep but brief; and (3) its real activity and inflation interactions were strongly positive …

We study the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a … emerging market and developing economies) and to analyze commonalities in inflation synchronization across a wide range of … inflation measures. We report three major results. First, inflation movements have become increasingly synchronized …

States and the euro area. For many of the basic items in the basket of goods used to estimate inflation, the effects of oil … through to core inflation (or rather to inflation excluding food and energy products) by means of macroeconomic factors; while …

-industry-specific Phillips curves for each decade by relating the growth rate of output prices to lagged inflation and an employment gap. We then … represent the sensitivity of inflation to economic slack. We measure globalization by increases in trade and financial …

A number of studies document the prominent role of global factors in domestic inflation developments (e.g. Borio and … Filardo, 2007; Ciccarelli and Mojon, 2010). In this paper we investigate global dimensions of advanced economy inflation. We … inflation expectations and augment Phillips curves with global factors including global economic slack, global inflation and …

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 …