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 …

novel harmonized dataset of sectoral producer price inflation and input-output linkages for more than 1000 sectors in 53 … that pandemic lockdowns, and subsequent reopening policies, were the most dominant driver of global inflation in this …

This paper identifies and quantifies the drivers of inflation dynamics in the three Baltic economies and assesses the … effectiveness of fiscal policy in fighting inflation. It also analyzes the macroeconomic impact of inflation on competitiveness by … focusing on the relationship between wages and productivity in the tradeable sector. The results reveal that inflation in the …

As in the rest of the world, inflation in CEMAC surged more quickly and persistently than expected during the 2021 …-23 period. This paper examines the drivers of inflation dynamics and the contribution of global shocks to inflation persistence … role of global factors in driving inflation dynamics. Global commodity food and oil price fluctuations, and shipping costs …

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 …