文章基本信息

标题：Globalisation and its implications for inflation in advanced economies
本地全文：下载
作者：Maria Grazia Attinasi ; Mirco Balatti
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2021
卷号：2021
语种：English
出版社：European Central Bank
摘要：The globalisation of inflation hypothesis argues that the factors influencing inflation dynamics are becoming increasingly global. In recent years, economists have started to reassess the predictive power of standard inflation models (e.g. the Phillips curve) and to increasingly look at global factors, including globalisation, as a possible explanation behind the reduced sensitivity of inflation to domestic determinants (the so-called globalisation of inflation hypothesis). [1] Accordingly, in addition to domestic measures of slack, standard models of inflation should account for the role of global factors over and beyond their impact via import prices.