Inflation : Concepts, Evolution, and Correlates

In the past four to five decades, inflation has fallen around the world, with median annual global consumer price inflation down from a peak of 16.6 percent in 1974 to 2.6 percent in 2017. This decline began in advanced economies in the mid-1980s a...

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Main Authors:	Ha, Jongrim, Ivanova, Anna, Ohnsorge, Franziska, Unsal, Filiz
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	INFLATION PRICES DEFLATION MONETARY POLICY ECONOMIC INTEGRATION MACROECONOMIC POLICY GLOBALIZATION
Online Access:	http://documents.worldbank.org/curated/en/448531550088251230/Inflation-Concepts-Evolution-and-Correlates http://hdl.handle.net/10986/31276

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recordtype	oai_dc
spelling	okr-10986-312762022-09-20T00:14:15Z Inflation : Concepts, Evolution, and Correlates Ha, Jongrim Ivanova, Anna Ohnsorge, Franziska Unsal, Filiz INFLATION PRICES DEFLATION MONETARY POLICY ECONOMIC INTEGRATION MACROECONOMIC POLICY GLOBALIZATION In the past four to five decades, inflation has fallen around the world, with median annual global consumer price inflation down from a peak of 16.6 percent in 1974 to 2.6 percent in 2017. This decline began in advanced economies in the mid-1980s and in emerging market and developing economies in the mid-1990s. By 2000, global inflation had stabilized at historically low levels. Lower inflation has been accompanied by reduced inflation volatility, especially in advanced economies. This improvement in inflation outcomes has stemmed in large part from structural economic changes, including improved monetary and fiscal policy frameworks as well as international trade and financial liberalization. Lower and more stable inflation has often been associated with better growth and development outcomes, partly by reducing uncertainty, fostering a more efficient allocation of resources, and helping preserve financial stability. 2019-02-14T18:10:18Z 2019-02-14T18:10:18Z 2019-02 Working Paper http://documents.worldbank.org/curated/en/448531550088251230/Inflation-Concepts-Evolution-and-Correlates http://hdl.handle.net/10986/31276 English Policy Research Working Paper;No. 8738 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Policy Research Working Paper Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	INFLATION PRICES DEFLATION MONETARY POLICY ECONOMIC INTEGRATION MACROECONOMIC POLICY GLOBALIZATION
spellingShingle	INFLATION PRICES DEFLATION MONETARY POLICY ECONOMIC INTEGRATION MACROECONOMIC POLICY GLOBALIZATION Ha, Jongrim Ivanova, Anna Ohnsorge, Franziska Unsal, Filiz Inflation : Concepts, Evolution, and Correlates
relation	Policy Research Working Paper;No. 8738
description	In the past four to five decades, inflation has fallen around the world, with median annual global consumer price inflation down from a peak of 16.6 percent in 1974 to 2.6 percent in 2017. This decline began in advanced economies in the mid-1980s and in emerging market and developing economies in the mid-1990s. By 2000, global inflation had stabilized at historically low levels. Lower inflation has been accompanied by reduced inflation volatility, especially in advanced economies. This improvement in inflation outcomes has stemmed in large part from structural economic changes, including improved monetary and fiscal policy frameworks as well as international trade and financial liberalization. Lower and more stable inflation has often been associated with better growth and development outcomes, partly by reducing uncertainty, fostering a more efficient allocation of resources, and helping preserve financial stability.
format	Working Paper
author	Ha, Jongrim Ivanova, Anna Ohnsorge, Franziska Unsal, Filiz
author_facet	Ha, Jongrim Ivanova, Anna Ohnsorge, Franziska Unsal, Filiz
author_sort	Ha, Jongrim
title	Inflation : Concepts, Evolution, and Correlates
title_short	Inflation : Concepts, Evolution, and Correlates
title_full	Inflation : Concepts, Evolution, and Correlates
title_fullStr	Inflation : Concepts, Evolution, and Correlates
title_full_unstemmed	Inflation : Concepts, Evolution, and Correlates
title_sort	inflation : concepts, evolution, and correlates
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/448531550088251230/Inflation-Concepts-Evolution-and-Correlates http://hdl.handle.net/10986/31276
_version_	1764473953603026944

Inflation : Concepts, Evolution, and Correlates

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