doi:10.1111/twec.13053engAlvarez, L.J.Gadea, M.D.Gomez-Loscos, A.Inflation comovements in advanced economies: Facts and drivers*ART-2021-121000In this paper, we analyse inflation comovements and their macroeconomic drivers across a wide set of advanced economies. We find a high degree of inflation interdependence, which is highest for euro area countries, which show strong trade links and share a common monetary policy. In contrast, core inflation interdependence is very limited. We also find that inflation interconnectedness is a medium- to long-run phenomenon. Inflation comovements across countries are well explained by an open economy new Keynesian Phillips curve.2021http://zaguan.unizar.es/record/10827510.1111/twec.13053http://zaguan.unizar.es/record/108275oai:zaguan.unizar.es:108275info:eu-repo/grantAgreement/ES/MCIU/ECO2017-83255-C3-1-Pinfo:eu-repo/grantAgreement/ES/MCIU/ECO2017-83255C3-3-PWORLD ECONOMY 44, 2 (2021), 485-509All rights reservedhttp://www.europeana.eu/rights/rr-f/info:eu-repo/semantics/openAccess