Figure 3.1.B from Ha, Kose, Ohnsorge.
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. Inflation in Emerging and Developing Economies (PDF, 23 MB) 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, this book employs cutting edge empirical approaches. It also offers a rich dataset of multiple measures of inflation for a virtually global sample of countries over a half-century to spur further research into this important topic.
This is a monumental work, incorporating pathbreaking data collection, a comprehensive survey of the literature, all viewed through the lens of new empirical methods. This is a much-needed compilation of the research on inflation dynamics and broader economic effects, with special reference to emerging market and low-income country experiences that have heretofore been largely neglected. This will be the reference on the phenomenon of inflation for years to come.
More information, including data (to come), here.