As in the rest of the world, inflation in CEMAC surged more quickly and persistently than expected during the 2021 …-23 period. This paper examines the drivers of inflation dynamics and the contribution of global shocks to inflation persistence … role of global factors in driving inflation dynamics. Global commodity food and oil price fluctuations, and shipping costs …

When uncertain about inflation persistence, central banks are well-advised to adopt a robust strategy when setting … to safeguard against a protracted period of deviating inflation. Applied to the post-pandemic period of exceptional … uncertainty and elevated inflation, this strategy would have called for a tightening bias. Specifically, a high level of …

This paper provides new evidence on the exchange rate passthrough to domestic inflation in Sub-Saharan Africa (SSA … depreciations cause sizable increases in domestic inflation. The passthrough in SSA is higher than in other regions and its …-standing view that strengthening monetary policy frameworks and credibility helps mitigate the impact of depreciations on inflation …

Central banks in major industrialized economies were slow to react to the surge in inflation that began in early 2021 … war in Ukraine. We investigate the consequences of policy delay in responding to inflation shocks. First, using a simple … three-period model, we show how policy delay worsens inflation outcomes, but can mitigate or even reverse the output decline …

Using a large panel of firm-level data, this paper provides an analysis of how inflation shocks in the Baltics between … sectors. First, we find that inflation and inflation volatility had mixed effects on TFP growth, profitability and net fixed … find that inflation shocks had differential effects on large versus small firms. Third, we explore sectoral heterogeneity …

persistent or to more volatile inflation), systematically express higher concerns over rising prices. The link between past high … inflation exposure and expressed concerns over price stability is particularly strong when an individual's exposure occurs in … the latter part of her working-age (as in lifecycle theory). The impact of past exposure to high inflation on …

investigates how weather anomalies affect global supply chains and inflation dynamics. Using monthly data for six large and well … chain disruptions. The impact of weather shocks on supply chains and inflation dynamics is likely to become more pronounced …. Central bankers should consider the impact of weather anomalies on supply chains and inflation dynamics to prevent entrenching …

This paper investigates the drivers of headline inflation and the degree of exchange rate passthrough (ERPT) in The …, oil and fertilizer), the exchange rate, and the domestic output gap. The short-run dynamics of inflation points to the … the potential to tame inflation in the short run provided the monetary policy rate is adjusted rapidly and boldly. Lastly …

What is the effect of carbon pricing on inflation? This paper shows empirically that the consequences of the European … Union's Emission Trading System (ETS) and national carbon taxation on inflation have been limited in the euro area, so far … EU's 'Fit-for-55' commitments on inflation. The required increase of effective carbon prices from around 40 Euro per ton …

This paper studies how and why inflation expectations have changed since the emergence of Covid-19. Using micro …-year and five-ten year horizons has widened since the surge of inflation during 2021, along with the mean. Persistently high … adaptive learning is able to mimic the change in inflation expectations over time for different demographic groups. The …