Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic … growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the … reputation of central banks. Thus, central banks should not try to bring inflation back to the targeted level of 2%. Rather, they …

, currencies, oil prices, and inflation …

identified two groups of upper regime and lower regime world variables-namely, world inflation, world GDP, and world commodity … studied. This research aims to investigate the interdependent relationships between world GDP, world commodity prices, world … inflation, trade flows, capital inflow, capital account transactions, reserve accumulation, global liquidity (e.g., global broad …

useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this … worldwide level of interest rates received in the recent debate about the world savings and liquidity glut as one of the main …

We study how domestic and global output gaps affect CPI inflation. We use a New-Keynesian Phillips curve framework …1-2017Q4 period. We find broadly that both global and domestic output gaps are significant drivers of inflation both in … output gaps on inflation. …

In this paper, we examine whether domestic or global output gap affects inflation in three panels: the European Union … inflation in individual countries of the European Union. To find the determinants of inflation, we employ the Granger causality … show that after the crisis the global output gap predicts the evolution of inflation in the Eurozone panel. On the other …