SOAS Research Online

A Free Database of the Latest Research by SOAS Academics and PhD Students

[skip to content]

Qin, Duo and He, Xinhua (2013) 'Globalisation Effect on Inflation in the Great Moderation Era: New Evidence from G10 Countries.' Economics, 7 (25).

[img]
Preview
Text
Download (257kB) | Preview

Abstract

The effect of globalisation on inflation is modeled and simulated for ten countries from G10 during the Great Moderation period. The results are supportive of the globalisation hypothesis. In particular, the results show that dynamic channels and magnitudes of globalisation to domestic inflation are highly heterogeneous from country to country, that increases in trade openness could be either inflationary or deflationary, while increased imports from low-cost emerging-market economies have been mostly deflationary, and that there has been 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 shown to have contributed positively to the aspect of low inflation rather than that of stable inflation during the Great Moderation era.

Item Type: Journal Article
SOAS Departments & Centres: Departments and Subunits > Department of Economics
Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
DOI (Digital Object Identifier): https://doi.org/10.5018/economics-ejournal.ja.2013-25
Date Deposited: 31 Aug 2011 13:44
URI: https://eprints.soas.ac.uk/id/eprint/12178

Altmetric Data

Statistics

Download activity - last 12 months
Downloads since deposit
382Downloads
354Hits
Accesses by country - last 12 months
Accesses by referrer - last 12 months

Repository staff only

Edit Item Edit Item