interdependency of national monetary policies, which is sometimes measured by the degree of inflation transmission across borders. In … this paper, we examine how inflation rates in two small open economies, namely Hong Kong and Singapore, interact with those … model is used to study the inflation dynamics. It is found that Hong Kong and Singapore inflation rates, but not the U …

This article investigates whether increased globalization of the U.S. economy has helped hold down inflation in the … accounts for much of the recent decline in U.S. inflation. Our results suggest that the decline in inflation is explained by … inflation, just greater sensitivity to foreign economic conditions …