analyze China's role in global inflation dynamics. We identify Chinese supply and demand shocks and examine their … to be more strongly affected than consumer prices by Chinese shocks. The overall share of international inflation … competition and commodity prices) seem both to matter; (iii) Differences in trade (overall and with China) and in commodity …

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 …

In this paper we investigate dynamics of global inflation and short-run inflation expectations. We estimate a global … inflationary pressure that could drive up inflation expectations: domestic aggregate demand and supply shocks as well as a global … increase in oil price inflation. Our results indicate that inflation expectations tend to increase as inflation accelerates …

Greater international economic interconnectedness over recent decades has been changing inflation dynamics. This paper …, is an important channel through which global economic slack influences domestic inflation. In particular, we document the … inflation rates, both across countries and over time. Accounting for the role of GVCs, we also find that the conventional trade …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …

inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange … across a range of econometric tests, input-output linkages account for half of the global component of PPI inflation. We … preserves fat-tailed idiosyncratic shocks and thus leads to a fat-tailed distribution of inflation rates, i.e., periods of …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …

networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …

fleshes out this hypothesis, shows how expected future local inflation and global slack affect current local inflation. In … to further decompose local inflation into a global component and an inflation differential component. I find that the log … these two components of inflation.I estimate the full NOEM model with Bayesian techniques using data for the U.S. and an …