Jääskelä, Jarkko; Smith, Penelope - Reserve Bank of Australia - 2011
manufactured prices, and global economic activity. The first two shocks, a world demand shock and a commodity-market specific shock … are fairly standard. The third shock, a globalisation shock that may result, for instance, from the increasing importance … of China, India and eastern Europe in the global economy is more novel. The globalisation shock is associated with a …