MONACELLI, TOMMASO; SALA, LUCA - In: Journal of Money, Credit and Banking 41 (2009) s1, pp. 101-120
We estimate the contribution of international common factors to the dynamics of price inflation rates of a cross-section of 948 CPI products in four OECD countries: United States, Germany, France, and United Kingdom. We find two main results. First, on average, and at least in the sample...