This paper examines the drivers of fluctuations in global inflation, defined as a common factor across monthly headline consumer price index (CPI) inflation in G7 countries, over the past half-century. It estimates a Factor-Augmented Vector Autoregression model where a wide range of shocks, including global demand, supply, oil price, and interest rate shocks, are identified through narrative sign restrictions motivated by the predictions of a simple...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2023/12/18
-
Рабочий документ в рамках исследования вопросов политики
-
WPS10648
-
1
-
2023/12/18
-
Disclosed
-
What Explains Global Inflation
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
ПОЛНЫЙ ОТЧЕТ
Официальная версия документа (может содержать подписи, и т.д.)