Global inflation has risen sharply from its lows in mid-2020, on rebounding global demand, supply bottlenecks, and … soaring food and energy prices, especially since the Russian Federation's invasion of Ukraine. Markets expect inflation to … developments, the risk of stagflation-a combination of high inflation and sluggish growth-has risen. The recovery from the …

setting, we find that US interest rate uncertainty not only drives local output and inflation volatility, but also causes … declines in output, inflation, and the interest rate. Moreover, we document strong global impacts, making the world move in a …

This paper studies the inflation and interest rate performances since the late 1970s for six former highinflation … countries that adopted inflation targeting (IT) in the early 1990’s. Using Germany, Switzerland and the US for comparison, we … reducing the level and volatility of inflation. However, IT central banks did not outperform the central banks used as …

There is no consensus over the importance of "global forces" on inflation. This study explores the role of structural … breaks in the inflation process, and their timing, whether it is common across countries, and the extent to which "global … forces" are relevant. Three conclusions stand out. Global inflation impacts inflation in both AE and EME, but the impact is …

actions are explained solely by its forecasts of inflation and real activity. Finally, we explore the possibility of …