near-term using an event study of inflation around global recessions and a factor-augmented vector auto-regression (FAVAR …We analyze the evolution and drivers of inflation during the pandemic and the likely trajectory of inflation in the …) model. We report three main results. First, the decline in global inflation during the 2020 global recession was the most …

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 …

markets now expect is not enough to reduce inflation to targets, experience from previous global recessions suggests that the …

response of commodity prices to the shock. …

world trade volume to plummet by a staggering 13 percent to 32 percent in 2020. This translates to large-scale losses in … severity of the global recession, and the ability of world leaders to come up with a coordinated policy response. This paper …