Add to ORKGNational inflation rates reflect domestic and international (regional and global) influences. The relative importance of these components remains a controversial empirical issue. We extend the literature on inflation co-movement by utilising a dynamic factor model with stochastic volatility to account for shifts in the variance of inflation and endogenously determined regional groupings. We find that most of inflation variability is explained by the country specific disturbance term. Nevertheless, the contribution of the global component in explaining industrialised countries ’ inflation rates has increased over time
We estimate the contribution of international common factors to the dynamics of price inflation rate...
The thesis is aimed at investigating the implications of globalization for the conduct of monetary p...
To shed light on changes in international inflation, this paper proposes an iterative procedure to d...
National inflation rates reflect domestic and international (regional and global) influences. The re...
National inflation rates reflect domestic and international (regional and global) influences. The r...
Inflation in the most industrialized economies of the world has an im-portant international common c...
Global developments play an important role for domestic inflation rates. Earlier literature has foun...
There is no consensus over the importance of “global forces” on inflation. This study explores the r...
Recent research has found evidence of increasing co-movement in CPI inflation rates across industria...
© 2019, Brookings Institution Press. All rights reserved. Inflation dynamics have been difficult to ...
[[abstract]]The link between inflation and its variability has been a topic of considerable interest...
Using a dynamic factor model, we uncover four main empirical regularities on international comovemen...
Using a dynamic factor model, we uncover four main empirical regularities on international comovemen...
"Inflation differentials across regions of an integrated economy can reflect a proper response to de...
We analyze the interaction among the common and country specific components for the inflation rates ...
We estimate the contribution of international common factors to the dynamics of price inflation rate...
The thesis is aimed at investigating the implications of globalization for the conduct of monetary p...
To shed light on changes in international inflation, this paper proposes an iterative procedure to d...
National inflation rates reflect domestic and international (regional and global) influences. The re...
National inflation rates reflect domestic and international (regional and global) influences. The r...
Inflation in the most industrialized economies of the world has an im-portant international common c...
Global developments play an important role for domestic inflation rates. Earlier literature has foun...
There is no consensus over the importance of “global forces” on inflation. This study explores the r...
Recent research has found evidence of increasing co-movement in CPI inflation rates across industria...
© 2019, Brookings Institution Press. All rights reserved. Inflation dynamics have been difficult to ...
[[abstract]]The link between inflation and its variability has been a topic of considerable interest...
Using a dynamic factor model, we uncover four main empirical regularities on international comovemen...
Using a dynamic factor model, we uncover four main empirical regularities on international comovemen...
"Inflation differentials across regions of an integrated economy can reflect a proper response to de...
We analyze the interaction among the common and country specific components for the inflation rates ...
We estimate the contribution of international common factors to the dynamics of price inflation rate...
The thesis is aimed at investigating the implications of globalization for the conduct of monetary p...
To shed light on changes in international inflation, this paper proposes an iterative procedure to d...