This paper introduces a global database that contains inflation series:(i) for a wide range of
inflation measures (headline, food, energy, and core consumer price inflation; producer …

Since the outset of the Covid-19 pandemic, labor market indicators that traditionally move
together have been sending different signals about the degree of slack in the US labor …

This study provides a view of the inflation process that is complementary to the one captured
in standard models, such as those based on the Phillips curve. It char acterises the process …

This paper presents a comprehensive examination of the determination and evolution of
inflation expectations, with a focus on emerging market and developing economies …

How should policymakers respond to the recent surge in inflation? This paper examines the
impact of global supply chain pressures on euro area inflation and the implications for …

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 …

The relationship central to most inflation models, between slack and inflation, seems to have
weakened. Do we need a new framework? This paper uses three very different approaches …

We document that international input-output linkages contribute substantially to
synchronizing producer price inflation (PPI) across countries. Using a multicountry, industry …

We explain the role of the Phillips Curve in the analysis of the economic outlook and the
formulation of monetary policy at the ECB. First, revisiting the structural Phillips Curve, we …

We study how changes in the value of the steady-state real interest rate affect the optimal
inflation target, both in the US and the euro area, using an estimated New Keynesian DSGE …