The paper addresses the issue of the co-movements of national inflation dynamics with a common factor of a global dynamic. Based on the previous work of Ciccarelli and Mojon (2005) on global inflation the authors look at the more recent development in particular after the outbreak of the global...

The paper discusses the question if the global economy already entered a phase of a global recession. This is based on the IMF definition that a global recession occurs if global real GDP growth falls below 3%. Taking actual GDP numbers for the Chinese economy published by the Conference Board...