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dc.contributor.authorQin, Duoen_US
dc.contributor.authorHe, Xinhuaen_US
dc.date.accessioned2012-11-09en_US
dc.date.accessioned2012-11-09T12:08:02Z-
dc.date.available2012-11-09T12:08:02Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/66139-
dc.description.abstractDynamic econometric models are carefully built to analyse counterfactually the globalisation effect on inflation for ten countries from G10 during the Great Moderation period. The main findings are (i) the effect is highly heterogeneous from country to country; (ii) increases in trade openness could be either inflationary or deflationary whereas increased imports from low-cost emerging-market economies are mostly deflationary; and (iii) there is almost no direct globalisation impact as far as inflation persistence is concerned while the impact on inflation variability can be positive as well as negative. Overall, globalisation is found to have contributed positively to lowering rather than stabilising inflation during the Great Moderation era.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesEconomics Discussion Papers 2012-56en_US
dc.subject.jelC52en_US
dc.subject.jelE31en_US
dc.subject.jelE37en_US
dc.subject.jelF41en_US
dc.subject.ddc330en_US
dc.subject.keywordinflation dynamicsen_US
dc.subject.keywordglobalisationen_US
dc.titleGlobalisation effect on inflation in the great moderation era: New evidence from G10 countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn729496481en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen_US
dc.identifier.repecRePEc:zbw:ifwedp:201256-
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

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