The remarkable stability of low domestic inflation in many countries requires explanation. In this paper, a number of … continuing low inflation, but also its coexistence with rapid growth and low real interest rates. Unfortunately, the analysis … also leads to the conclusion that rising inflation, unwinding financial imbalances, or both, could easily follow the …

represent the sensitivity of inflation to economic slack. We measure globalization by increases in trade and financial …In this paper, we examine the impact of globalization and digitalization on the Phillips curve in a sample of 18 … advanced economies over two decades. Using industry-level data from the World and EU KLEMS databases, we first estimate country …

treatment of globalization can help. CPI inflation has become more synchronized around the world since the 2008 crisis, but core … and wage inflation have become less synchronized. Global factors (including commodity prices, world slack, exchange rates … role for all the inflation measures, although globalization has caused some “flattening” of this relationship, especially …

treatment of globalization can help. CPI inflation has become more synchronized around the world since the 2008 crisis, but core … and wage inflation have become less synchronized. Global factors (including commodity prices, world slack, exchange rates … role for all the inflation measures, although globalization has caused some "flattening" of this relationship, especially …