inflation expectations increased leading to fears of their un-anchoring. Using the first principal component of commodity prices …. Using a Phillips Curve framework we find a structural change after the collapse of Lehman Brothers when inflation …

This paper studies the role of global factors in causing common movements in consumer price inflation, with particular … collected from national and international sources. Global factors explain a large share of the variance of national inflation …

components in international inflation rates. This paper characterizes such links in international inflation rates with a dynamic … latent factor model that decomposes 64 national inflation rates into world, regional, and idiosyncratic components. The world … and regional components account for 35% and 16%, respectively, of annual inflation variability on average across countries …

Since 2000 U.S. inflation has remained both below target and silent to domestic slack and monetary interventions. A … inflation. The trend analysis shows that, starting from the '90s, despite very well-anchored expectations, slow-moving imported … "cost-push" factors induced deflationary pressure keeping trend inflation below target. The cycle block provides evidence in …

The inability of central banks to attain their target inflation rates in recent years has raised questions about the … extent to which central banks can control the inflation process. This paper discusses the evolution of thought and evidence … since the 1960s on the determinants of inflation and the role that should be played by central banks. The paper highlights …

aggressive monetary policies which results in less inflation volatility and persistence. We find this pattern emerges strongly …

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 …

that the oil price passes through core inflation only via its effect on the whole economy. This pass-through is estimated …