Annual Economic Report 2022 - underlying data behind the graphs

Full data set (zip)

Chapter I: Old challenges, new shocks - read the chapter

Data set
Chapter I data set (xlsx)
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Graph 1 Pandemic and war disrupted the expansion
Graph 2 An unanticipated rise in global inflation
Graph 3 Goods prices rose most, but price growth also increased for services
Graph 4 Causes of higher inflation: aggregate demand and income
Graph 5 Causes of higher inflation: demand composition and supply constraints
Graph 6 Commodity prices and supply
Graph 7 Monetary policy tightened in most economies, with China an exception
Graph A1 The current commodity price rise vs the 1970s: how do they compare?
Graph A2 Rising commodity prices: will this time be different?
Graph 8 The monetary and fiscal stance
Graph 9 Financial conditions tightened as government bond yields rose globally
Graph 10 The US dollar appreciated as Federal Reserve tightening gained momentum
Graph 11 Risky assets saw a large correction in valuations, and corporate financing tightened
Graph 12 High inflation could become entrenched
Graph 13 Commodity prices and inflation
Graph 14 Implications of higher commodity prices for inflation and growth
Graph 15 China: structural slowdown and strains from the real estate sector
Graph 16 Financial vulnerabilities and high inflation: where are the risks?
Graph B1 Real estate sector and economic activity in China
Graph 17 Financial and real consequences of monetary policy tightening
Graph 18 Bank credit losses could rise as monetary conditions tighten
Graph 19 Market disruptions could become a key amplification channel
Graph 20 EME vulnerabilities
Graph 21 EMEs face spillovers from a slowing China and rising food prices
Table C1 Hard and soft landings
Graph 22 Lowering inflation: initial conditions
Graph 23 Prospects for a durable policy normalisation
Graph 24 Importance of reigniting supply side reforms

Chapter II: Inflation: a look under the hood - read the chapter

Data set
Chapter II data set (xlsx)
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Graph 1 Inflation from a historical perspective
Graph 2 Volatility falls in low-inflation regimes as price co-movements drop
Graph 3 In low-inflation regimes the pass-through of outsize price changes, oil price increases and FX depreciations to aggregate prices is dampened
Graph 4 Inflation regimes affect the persistence and transmission of sectoral price changes
Graph A1 Bilateral price spillovers across US PCE categories
Graph A2 Directional price spillovers among main US PCE categories
Graph A3 How price spillovers percolate downstream
Graph 5 Institutional features play a key role in the wage-setting process
Graph 6 When inflation is high, it becomes a coordinating device in pricing decisions
Graph 7 The pass-through of wages to inflation is weaker in low-inflation regimes
Graph 8 Wages have become less sensitive to inflation
Graph 9 Wage and price reactions to past shortfalls have become slower
Graph 10 Higher fiscal deficits boost inflation risks in EMEs
Graph 11 Near-term inflation forecast performance
Graph C1 CPI weights on food and energy, and different measures of inflation
Graph 12 US monetary policy works mainly through the common component of inflation
Graph 13 Signs of low-inflation regimes being tested

Chapter III: The future monetary system - read the chapter

Data set
Chapter III data set (xlsx)
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Table 1 High-level goals of the monetary system
Graph 1 Market size of cryptocurrencies and DeFi
Graph A1 The TerraUSD implosion and fragilities in stablecoins
Graph 2 Blockchain congestion leads to fragmentation
Graph 3 Buterin's "scalablity trilemma"
Graph 4 Bridges across blockchains are rising, and have been at the centre of many hacks
Graph B1 Retail investors are chasing past price increases in a risky strategy
Graph 5 Centralised and decentralised exchanges: costs and volumes
Graph 6 Institutional investors play a growing role in crypto
Graph 7 A metaphor: central bank as tree trunk supporting a diverse ecosystem
Graph 8 A strong canopy supports the global monetary (eco)system
Table C1 Zero knowledge proof (ZKP) computation times and sizes
Graph C1 Backchain solution
Graph 9 Payment with tokenised deposits settled with wholesale CBDC
Graph 10 Retail fast payment systems hold promise for rapid adoption and low costs
Graph D1 Inclusive CBDC design features to tackle barriers to financial inclusion

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