We assess the bivariate relation between money growth and inflation in the euro area and the United States using hybrid … statistically unstable across time in both regions. The effect of money growth on inflation weakened notably after the 1980s before … maximum impact of money growth on inflation is increasing in the trend level of inflation. These results caution against …

This paper analyzes the inflation forecast errors over the period 2021Q1-2022Q3 using forecasts of core and headline … inflation from the International Monetary Fund World Economic Outlook for a large group of advanced and emerging market … information. Focusing on core inflation forecast errors in 2021, four factors provide a potential ex post explanation: a stronger …

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 …

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 …