This paper investigates the impacts of inflation uncertainty on inflation and economic activities. We take three steps …. We first put together various measures of inflation uncertainty—including survey- and model-based - and extract a common … inflation uncertainty for the group of seven advanced economies and seven large emerging market economies. Using the inflation …

We examine the effect of inflation variability and economic growth using annual historical data on both developing and … inflation variability by the five-year coefficient of variation of inflation, we obtain the following results: (1) For … developing countries, there is significant evidence to suggest that when the rate of inflation exceeds 10% inflation variability …

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 use a data set of inflation expectations that covers 20 years and 44 countries to investigate the relationship … between the level and uncertainty of inflation. While there is strong and robust evidence of a relationship between average … inflation and average uncertainty across countries, there is little evidence in our data for a within country relationship. In …

We construct an empirical test of whether the anticipation of adoption of inflation targeting affects the inflation … rate. We observe that most of the central banks adopt the regime after first achieving significant disinflation. With pre-inflation …-in-difference framework. We find that inflation targeting is successful in locking-in already low inflation rather than reducing high …

both unemployment and inflation rates in the long term, while other factors showed a negative correlation. …

declined materially. The analysis decomposes the inflation breakevens to strip out the role of inflation expectations and risk …Recovering from the COVID sell-off, inflation brekaeven increased sharply in the second half of 2020 while real yields … premia. Despite evidence of upward movement in five-year market-implied inflation expectations after the March sell …

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 …