1 “.... Funds tend to follow momentum strategies, selling past losers and buying past winners, but their overall...”

2 “... than past inflation in shaping the inflation process, providing little evidence of "backward-looking...”

3 “... in shaping expectations. The importance of past inflation in determining expectations appears...”

4 “... much more important role than past inflation in shaping the inflation process. We also find...”

5 “... of global investors over the past 15 year has probably made portfolio flows to EMs more sensitive to global...”

6 “... over the past two decades. Global financial conditions loom large, but evidence suggests...”