dispersion of inflation and the behavior of relative prices follow a pattern that is consistent with several globalization … indicators. Also estimation results show that these indicators are useful in tracing the developments of trend inflation after …This paper examines the reasons for the declining path of inflation since the 1970s. In particular, it focusses on the …

Since 2000 U.S. inflation has remained both below target and silent to domestic slack and monetary interventions. A … inflation. The trend analysis shows that, starting from the '90s, despite very well-anchored expectations, slow-moving imported … "cost-push" factors induced deflationary pressure keeping trend inflation below target. The cycle block provides evidence in …