We examine the global dimension of inflation i n 24 OECD countries between 1980 and 2007 in a traditional Phillips … global forces to affect inflation through (the common part of) domestic demand and supply conditions. Our most important … result is that the common component of changes in unit labor costs has a notable impact of inflation. We also find evidence …

We examine the global dimension of inflation in 24 OECD countries between 1980 and 2007in a traditional Phillips curve … affect inflation through (the common part of) domestic demand and supplyconditions. Our most important result is that the … common component of changes in unit laborcosts notably affects inflation. We also find evidence that movements in import …

In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European … well supported in the new EU member states. We also find that the inflation process is dominated by domestic variables in … Keynesian Phillips Curve ; small open economies ; inflation dynamics ; new EU member countries ; GMM estimation …

analyze China’s role in global inflation dynamics. We identify Chinese supply and demand shocks and examine their … to be more strongly affected than consumer prices by Chinese shocks. The overall share of international inflation … exposure help explaining crosscountry differences in price responses. -- Global inflation ; China ; international business …

This paper aims at evaluating the impact of globalization, if any, on inflation and the inflation process. We estimate … commodity import price inflation on CPI inflation depends on the volume of commodity imports while the impact of non …-commodity import price inflation is independent of the volume of non-commodity imports. Second, focusing on the role of intra …

We examine the global dimension of inflation in 24 OECD countries between 1980 and 2007 in a traditional Phillips curve … changes in unit labor costs have a notable impact on inflation. Import price inflation plays a smaller role, and it is unclear … how global components of output gaps affect inflation. We conclude that central banks should monitor worldwide conditions …

the role of domestic factors in the inflation process in industrial economies. Toward that end, we estimate standard … Phillips curve inflation equations for 11 industrial countries and use these estimates to test several predictions of the … globalization and inflation hypothesis. Our results provide little support for that hypothesis. First, the estimated effect of …

We examine the global dimension of inflation in 24 OECD countries between 1980 and 2007 in a traditional Phillips curve … to affect inflation through (the common part of) domestic demand and supply conditions. Our most important result is that … the common component of changes in unit labor costs has a notable impact of inflation. We also find evidence that …

We use a broad-range set of inflation models and pseudo out-of-sample forecasts to assess their predictive ability …

The decline in the sensitivity of inflation to domestic slack observed in developed countries over the last 25 years … also the bigger ones) enter the export market. They tend to transmit less marginal cost fluctuations into inflation because … the proportion of large firms reduces the pass-through of marginal cost into inflation …