This paper studies the globalisation of CPI inflation by analysing core, energy and food components, testing for structural breaks in the relationships between domestic inflation and a corresponding country-specific foreign inflation series at the monthly frequency for OECD countries.The...

This paper studies the globalisation of CPI inflation by analysing core, energy and food components, testing for structural breaks in the relationships between domestic inflation and a corresponding country-specific foreign inflation series at the monthly frequency for OECD countries. The...

The link between London interbank interest rates and future inflation in the UK is investigated over a period which includes several changes in monetary policy regime. Recursive estimation is used to identify appropriate breakpoints in the sample and a moving-block bootstrap is used to...