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id	eprints-12178
recordtype	eprints
institution	SOAS, University of London
collection	SOAS Research Online
language	English
language_search	English
description	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.
format	Journal Article
author	Qin, Duo
author_facet	Qin, Duo He, Xinhua
authorStr	Qin, Duo
author_letter	Qin, Duo
author2	He, Xinhua
author2Str	He, Xinhua
title	Globalisation Effect on Inflation in the Great Moderation Era: New Evidence from G10 Countries
publisher	De Gruyter
publishDate	2013
url	https://eprints.soas.ac.uk/12178/