Inflation dynamics have been difficult to explain over the last decade. This paper explores if a more comprehensive … 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 …

rates on domestic inflation, which may have contributed to differences in policy stances during the boom in commodity prices …

Commodity prices rose strongly in recent years until mid-2008, driving inflation up worldwide. This feature … investigates aspects of the impact of the rise in food and energy prices on headline inflation and its dynamics using a dataset for … CPI inflation and its food and energy components that includes the major advanced and emerging economies. Our evidence …

In the first-half of the global financial turmoil, rising inflation was a major concern for emerging East Asian central … addressing higher inflation or supporting moderate growth. Higher food and fuel prices were the major drivers of headline … inflation. Their causes, however, were a confluence of factors--whether cyclical or structural, domestic or global, supply or …