108275 20230519145343.0 doi 10.1111/twec.13053 sideral 121000 ART-2021-121000 eng Alvarez, L.J. Inflation comovements in advanced economies: Facts and drivers* 2021 Access copy available to the general public Unrestricted In 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. info:eu-repo/grantAgreement/ES/MCIU/ECO2017-83255-C3-1-P info:eu-repo/grantAgreement/ES/MCIU/ECO2017-83255C3-3-P info:eu-repo/semantics/openAccess All rights reserved http://www.europeana.eu/rights/rr-f/ 2.0 2021 INTERNATIONAL RELATIONS 48 / 96 = 0.5 2021 Q2 T2 BUSINESS, FINANCE 75 / 111 = 0.676 2021 Q3 T3 ECONOMICS 195 / 382 = 0.51 2021 Q3 T2 0.78 2021 Economics and Econometrics 2021 Q1 Political Science and International Relations 2021 Q1 Finance 2021 Q1 2.6 2021 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Gadea, M.D. Universidad de Zaragoza (orcid)0000-0001-6609-4247 Gomez-Loscos, A. 4014 225 Universidad de Zaragoza Dpto. Economía Aplicada Área Economía Aplicada 44, 2 (2021), 485-509 World econ. WORLD ECONOMY 0378-5920 764724 http://zaguan.unizar.es/record/108275/files/texto_completo.pdf Postprint 1588987 http://zaguan.unizar.es/record/108275/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:108275 articulos driver 2023-05-18-13:17:38 ARTICLE