yielded a dual effect: lowering both output growth and inflation rates, while concurrently exacerbating unemployment rates …

Is inflation (still) a global phenomenon? We study the international co-movement of inflation based on a dynamic factor … explains approximately 58% of the variation in headline inflation across all countries and over 72% in OECD economies. The … explanatory power of global inflation is equally high in a shorter sample spanning the time since 2000. Core inflation is also …

useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …