TITLE

Globalisation, import prices and inflation dynamics

PUB. DATE

February 2009

SOURCE

Bank of England Quarterly Bulletin;2009 1st Quarter, Vol. 49 Issue 1, p47

SOURCE TYPE

Academic Journal

DOC. TYPE

Article

ABSTRACT

The article examines the role of globalization in exerting downward pressure on global prices in Great Britain. Accordingly, it details how the authors used the New Keynesian Phillips Curve (NKPC) models which enable them to better examine the impact of globalization on inflation. It then discusses the results of using NKPC models which suggest that the influence of import prices has generally remained constant.

ACCESSION #

37193895

Tags: GLOBALIZATION;  INTERNATIONAL relations;  INFLATION (Finance);  CIRCULAR velocity of money

 

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