Hirakata, Naohisa; Iwasaki, Yuto; Kawai, Masahiro - 2014
This paper examines the international transmission effects that a positive supply shock in emerging economies may have … countries and analyze the impact of a supply shock in an emerging economy, the People's Republic of China (PRC), on inflation … supply shock in the PRC. Specifically, Japan is under a greater deflationary pressure than the US because of its vertical …