We analyze the evolution and drivers of inflation during the pandemic and the likely trajectory of inflation in the … near-term using an event study of inflation around global recessions and a factor-augmented vector auto-regression (FAVAR …) model. We report three main results. First, the decline in global inflation during the 2020 global recession was the most …

hinges upon the synchronization and similarity of inflation and GDP growth between them. We examine the consequences of COVID …-19 outbreak for GDP growth and inflation of the Eurozone countries. We find that business cycles had been diverging since …

-term selling prices on average. We also show that firms are engaging in wage cuts and expect to trim wages further before the end … (like professional forecasters) have responded to the COVID-19 pandemic by lowering their one-year-ahead inflation … expectations. These responses stand in stark contrast to that of household inflation expectations (as measured by the University of …

In the years 2021-2022, world inflation has drastically increased. The analyses of the main characteristics of the 2007 …-financial sector suggest that the growth of inflation was triggered by excessive debt growth of the government sector in 2020-2021. In … recession, however their value was too high to keep inflation in the world under control. Fiscal intervention of particular …