Federal Reserve: How Trade Cost Shocks Influence Inflation Dynamics Globally
July 23, 2025
July 23, 2025
WASHINGTON, July 23 (TNSRep) -- The Federal Reserve released an International Finance Discussion Paper (IFDP) titled 'Trade Costs and Inflation Dynamics,' authored by Pablo Cuba-Borda, Albert Queralto, Ricardo Reyes-Heroles, and Mikael Scaramucci on July 2, 2025. The report investigates how variations in trade costs impact consumer price inflation across countries, combining comprehensive global input-output trade data with a structural New Keynesian framework to assess the economic ef . . .