Lipínska, Anna; Millard, Stephen - In: International Journal of Central Banking 8 (2012) 1, pp. 227-266
In this paper, we analyze the impact of a persistent productivity increase in a set of countries—which we think of as the economies of Brazil, Russia, India, and China (BRIC)—on inflation in their trading partners, the Group of Seven (G-7). In particular, we want to understand the conditions...
