| Summary: | Emerging market and developing economies, like advanced
economies, have experienced a remarkable decline in inflation
over the past half-century. Yet, research into this development
has focused almost exclusively on advanced economies. This
book fills that gap, providing the first comprehensive and
systematic analysis of inflation in emerging market and
developing economies. It examines how inflation has evolved and
become synchronized among economies; what drives inflation
globally and domestically; where inflation expectations have
become better-anchored; and how exchange rate fluctuations
can pass through to inflation. To reach its conclusions, the book
employs cutting edge empirical approaches. It also offers a rich
data set of multiple measures of inflation for a virtually global
sample of countries over a half-century to spur further research
into this important topic.
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