This study investigates the relationship between the adoption of renewable energy and the sensitivity of inflation to … oil and gas prices leading to a surge in inflation, the notion of a "divine coincidence" suggests that higher levels of … renewable energy adoption, in addition to fighting climate change, could mitigate fossil fuel price-induced inflation volatility …

modeling framework to study the conditions under which these policies can curb inflation. We first consider a closed economy … model to show that a consumer subsidy may be counterproductive, especially as an inflation-fighting tool, when applied … energy subsidies to reduce core inflation and stimulate demand if introduced by a small group of countries which collectively …

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 …