Ciccarelli, Matteo (contributor); Mojon, Benoît (contributor) - 2008 - This draft: April 2008
This paper shows that in ation in industrialized countries is largely a global phenomenon. First, the inflation rates of 22 OECD countries have a common factor that alone accounts for nearly 70 percent of their variance. This large variance share that is associated with Global Inflation is not...
