U.K. Inflation and Relative Prices over the Last Decade : How Important was Globalization?

How Important was Globalization?

U.K. Inflation and Relative Prices over the Last Decade : How Important was Globalization?
In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the relative importance of a number of factors argued to explain the differences in the trends in core inflation and relative prices in the United Kingdom, the Euro Area and the United States. The simulation results indicate that while the direct effect of globalization... READ MORE...

Publication date: August 2007
ISBN 9781451867725
$18.00

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