Supervisors will need to depend ever more on information provided by their colleagues in other jurisdictions, and will need to set up the appropriate mechanisms for doing so in ways that do not impose a burden on one another, or on the industry. In particular, we need to consider how supervisory information sharing and coordination can be deepened and broadened.
But perhaps one of the reasons for the rapidly rising of studies on inflation dynamics is the remarkable decline in global inflation, which began even before the GFC. For the advanced economies, this appears to have started in the 1990s, and for the emerging market economies, the trend became apparent in the 2000s.