the End of theof the 1960s to the early 1980s -- Chapter 4. The Inflation Wave from the Late 1960s onward -- Chapter 5 … level shock 2021.-Chapter 7. Conclusions and Recommendations -- Chapter 8. Theoretical Explanations of Price Level Changes. …In light of the resurgence of inflation in developed industrialised countries following a period of inordinately low …

higher inflation, lower economic growth, larger budget deficits, increased private sector debt and greater global economic …, the collapse of the Bretton Woods system, the Great Inflation, the Latin American hyperinflation(s), the Great Moderation … until the highest global inflation spike in two generations which started in 2021. The book covers these dynamics in …

adjustments and an asymmetry in oil shock effects. Supply shocks reduce the probability of fiscal adjustments, while demand shocks …

inflation, which makes it largely susceptible to shocks. Second, a high integration of macroeconomic variables, in the long term … well as NEER but not EXR. This suggests that the presence of inflation most likely exposes these economies to external …. The study advocates that governments and policymakers should deploy efficient inflation-targeting monetary policies to …