Lessons from the Co-movement of Inflation around the World

Danilo Cascaldi-Garcia, Luca Guerrieri, Matteo Iacoviello and Michele Modugno

No 2024-06-28, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The aftermath of the COVID-19 pandemic saw a surge in inflation around the world, reflecting rapid increases in the demand for goods, strained supply chains, tight labor markets, and sharp hikes in commodity prices exacerbated by the Russian war on Ukraine. As illustrated in figure 1, this inflation surge was synchronized across advanced and emerging economies, not only for total inflation but also for its core component.

Date: 2024-06-28
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-06-28

DOI: 10.17016/2380-7172.3543

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