components in international inflation rates. This paper characterizes such links in international inflation rates with a dynamic … latent factor model that decomposes 64 national inflation rates into world, regional, and idiosyncratic components. The world … and regional components account for 35% and 16%, respectively, of annual inflation variability on average across countries …

The perception that Asia's inflation dynamics are driven by idiosyncratic supply shocks implies, as a corollary, a … economy in the last couple of decades suggest that the drivers of inflation may have changed. This paper presents a … quantitative analysis of inflation dynamics in Asia using a Global VAR (GVAR) model, which explicitly incorporates trade and …

components in international inflation rates. This paper characterizes such links in international inflation rates with a dynamic … latent factor model that decomposes 64 national inflation rates into world, regional, and idiosyncratic components. The world … and regional components account for 35% and 16%, respectively, of annual inflation variability on average across countries …

In this paper we study 2-state Markov switching VAR models of monthly unemployment and inflation for three countries …: Sweden, United Kingdom, and the United States. The primary purpose is to examine if periods of low inflation are associated … variance in unemployment. In the U.S. case we find that the variance of unemployment is lower in the low inflation regime than …

classes and consumer goods. -- global liquidity ; inflation control ; monetary policy transmission ; asset prices …

consumer goods. -- Global liquidity ; inflation control ; monetary policy transmission ; asset prices …