Arbeitspapier

Global inflation: The role of food, housing and energy prices

This paper studies the role of global factors in causing common movements in consumer price inflation, with particular focus on the food, housing and energy sub-indices. It uses a comprehensive dataset of 223 countries and territories collected from national and international sources. Global factors explain a large share of the variance of national inflation rates for advanced countries - and more generally those with greater GDP per capita, financial development and central bank transparency - but not for middle and low income countries. Common factors explain a large share of the variance in food and energy prices.

ISBN
978-92-899-2746-8
Sprache
Englisch

Erschienen in
Series: ECB Working Paper ; No. 2024

Klassifikation
Wirtschaft
Price Level; Inflation; Deflation
Monetary Policy
International Policy Coordination and Transmission
Thema
global ination
common factor
food prices
energy prices

Ereignis
Geistige Schöpfung
(wer)
Parker, Miles
Ereignis
Veröffentlichung
(wer)
European Central Bank (ECB)
(wo)
Frankfurt a. M.
(wann)
2017

DOI
doi:10.2866/243933
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Parker, Miles
  • European Central Bank (ECB)

Entstanden

  • 2017

Ähnliche Objekte (12)