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    Globalisation and inflation

    Sibert, Anne (2007) Globalisation and inflation. Other. Committee on Economic and Monetary Affairs (ECON) of the European Parliament.

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    World-wide inflation has been low and stable over the past decade; this is mainly due to better monetary policy making. • By changing the structure of the world economy, globalisation has changed the inflation transmission mechanism. • Globalisation has changed policy makers’ incentives, probably making it easier for them to commit to low inflation. • The growth of China has changed the structure of the world economy and posed serious challenges for monetary policy makers. But, the impact on inflation has been – and should continue to be – small.


    Item Type: Monograph (Other)
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Sarah Hall
    Date Deposited: 04 Aug 2020 11:25
    Last Modified: 02 Aug 2023 18:01


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