| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16327 |
| DP16327 One-Stop Source: A Global Database of Inflation | |
| Jongrim Ha; M. Ayhan Kose; Franziska Ohnsorge | |
| 发表日期 | 2021-07-05 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | 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 price inflation; and gross domestic product deflator changes); (ii) at multiple frequencies (monthly, quarterly and annual) for an extended time period (1970-2021); and (iii) for a large number of (up to 196) countries. As it doubles the number of observations over the next-largest publicly available sources, our database constitutes a comprehensive, single source for inflation series. We illustrate the potential use of the database with three applications. First, we study the evolution of inflation since 1970 and document the broad-based disinflation around the world over the past half-century, with global consumer price inflation down from a peak of roughly 17 percent in 1974 to 2.5 percent in 2020. Second, we examine the behavior of inflation during global recessions. Global inflation fell sharply (on average by 0.9 percentage points) in the year to the trough of global recessions and continued to decline even as recoveries got underway. In 2020, inflation declined less, and more briefly, than in any of the previous four global recessions over the past 50 years. Third, we analyze the role of common factors in explaining movements in different measures of inflation. While, across all inflation measures, inflation synchronization has risen since the early 2000s, it has been much higher for inflation measures that involve a larger share of tradable goods. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Prices Global inflation Deflation Inflation synchronization Global factor |
| URL | https://cepr.org/publications/dp16327 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545291 |
| 推荐引用方式 GB/T 7714 | Jongrim Ha,M. Ayhan Kose,Franziska Ohnsorge. DP16327 One-Stop Source: A Global Database of Inflation. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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