This paper investigates the impact of fiscal shocks on inflation, using a large panel of 139 countries over the period … 1970-2021. First, both headline and core measures of inflation increase in response to expansionary shifts in the fiscal … with care in aggregate demand management as it has significant effects on inflation, which are highly dependent on fiscal …

Does inflation help improve public finances? This paper documents the dynamic responses of fiscal variables to an … inflation shock, using both quarterly and annual panel data for a broad set of economies. Inflation shocks are estimated to … improve fiscal balances temporarily, as nominal revenues track inflation closely, while nominal primary expenditures take …

What is the impact of climate change on inflation and growth dynamics? This is not a simple question to answer as … climate-related shocks affect inflation and economic growth also depends on long-run scarring in the economy and the country … investigate how climate shocks, as measured by climate-induced natural disasters, influence inflation and economic growth in a …

Inflation in low-income countries is often high and volatile, driven by external shocks. In addition, inflation in … stability. We estimate the drivers of inflation in Guinea since the early 2000s, a period in which the country suffered major … shocks from pandemics, commodity price movements, and multiple military coups, and during which inflation averaged 12 percent …

Economic growth has tumbled across Europe, inflation remains too high, and financial sector risks have materialized …. Taming sticky inflation while avoiding financial stress and a recession will require tighter macroeconomic policies …

Global inflation surged in 2022, driven by high gas price growth. With Russia being a key supplier of energy products …

Covid-19 and war-induced commodity price fluctuations, and broadening price pressures have led to a surge in inflation … raising concerns of youth unemployment. This paper explores the effects of inflation on private employment growth in SSA using … inflation and job creation in SSA, with job creation being negatively correlated with inflation rate when the latter is above 14 …

After trailing Euro Area inflation closely in the recent past, inflation in the Western Balkans has accelerated faster … VAR, adapting them to the data availability and country specificities of the Western Balkans, to analyze the inflation … dynamics in the region. It finds that international food prices affect not only headline but also core inflation as well as …

Though high and rising inflation has been a challenge for most economies across Europe in 2022 and into 2023, it has … accelerated in Hungary to the highest level in Europe. This paper examines how and why Hungary reached historically high inflation …. It draws on an augmented Phillips Curve to estimate the impact of common drivers of inflation, examines the role of labor …

The standard measure of core or underlying inflation is the inflation rate excluding food and energy prices. This paper … constructs an alternative measure, the weighted median inflation rate, for 38 advanced and emerging economies using subclass …, and more closely related to headline inflation over the next year. The weighted median also has a drawback: in most …