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dc.contributor.authorQin, Duoen
dc.contributor.authorHe, Xinhuaen
dc.date.accessioned2012-11-09-
dc.date.accessioned2012-11-09T12:08:02Z-
dc.date.available2012-11-09T12:08:02Z-
dc.date.issued2012-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2012-56en
dc.subject.jelC52en
dc.subject.jelE31en
dc.subject.jelE37en
dc.subject.jelF41en
dc.subject.ddc330en
dc.subject.keywordinflation dynamicsen
dc.subject.keywordglobalisationen
dc.titleGlobalisation effect on inflation in the great moderation era: New evidence from G10 countries-
dc.typeWorking Paperen
dc.identifier.ppn729496481en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:201256en

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