The international dimension of inflation: Evidence from disaggregated consumer price data

Journal of Money, Credit and Banking

Volumn 41, Issue SUPPL. 1, 2009, Pages 101-120

  Monacelli, Tommaso ^a   Sala, Luca ^a  

^a BOCCONI UNIVERSITY   (Italy)

Author keywords

Disaggregated consumer prices; Globalization; Inflation

Indexed keywords

EID: 58849098651     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1538-4616.2008.00200.x     Document Type: Conference Paper

References (26)

1. Altissimo, Filippo, B. Mojon, and P. Zaffaroni 2007 Fast Micro and Slow Macro: Can Aggregation Explain the Persistence of Inflation Working Paper Series WP-07-02, Federal Reserve Bank of Chicago.
2. Benati Luca 2008 Investigating Inflation Persistence across Monetary Regimes ECB Working Paper No. 851.
3. Bernanke Ben 2006 Globalization and Monetary Policy Remarks by Chairman Ben S. Bernanke at the Fourth Economic Summit, Stanford Institute for Economic Policy Research, Stanford, California.
4. Bils M., and P. Klenow 2004 Some Evidence on the Importance of Sticky Prices Journal of Political Economy, 112, 947 85.
5. Boivin Jean, M. Giannoni, and I. Mihov 2007 Sticky Prices and Monetary Policy: Evidence from Disaggregated US Data NBER Working Paper No. 12824.
6. Borio, Claudio, and Andrew Filardo 2006 Globalisation and Inflation: New Cross-Country Evidence on the Global Determinants of Domestic Inflation Unpublished, Bank for International Settlements, Basel, Switzerland.
7. Brillinger D. R. (1981) Time Series, Data Analysis and Theory. San Francisco : Holden Day.
8. Burstein Ariel, M. Eichenbaum, and S. Rebelo 2006 The Importance of Nontradables Goods' Prices in Cyclical Real Exchange Rate Fluctuations Japan and the World Economy.
9. Chen, Natalie, J. Imbs, and A. Scott 2004 Competition, Globalization, and the Decline in Inflation CEPR Discussion Paper No. 4695.
10. Ciccarelli Matteo, and B. Mojon 2007 Global Inflation Kiel Working Paper No. 1337.
11. Crucini, Mario, and M. Shintani 2006 Persistence in Law-of-One-Price Deviations: Evidence from Micro-data Vanderbilt University Working Paper No. 06-W17.
12. Crucini, Mario, C.I. Telmer, and M. Zachariadis 2005 Understanding European Real Exchange Rates American Economic Review, 95, 724 38.
13. Forni, M., M. Hallin, M. Lippi, and L. Reichlin 2000 The Generalized Factor Model: Identification and Estimation The Review of Economics and Statistics, 82, 540 54.
14. Galí, J., and M. Gertler 1999 Inflation Dynamics: A Structural Econometric Analysis Journal of Monetary Economics, 44, 195 222.
15. Guerrieri, L., C. Gust, and D. Lopez-Salido 2008 International Competition and Inflation: A New Keynesian Perspective International Finance Discussion Papers 918, Board of Governors of the Federal Reserve System
16. Hallin, M., and R. Liska 2007 Determining the Number of Factors in the General Dynamic Factor Model Journal of the American Statistical Association, 102, 603 17.
17. Hallin, M., and R. Liska 2008 Dynamic Factors in the Presence of Block Structure Mimeo, ULB.
18. Ihrig, Jane, S. Kamin, D. Lindner, and J. Marquez 2007 Some Simple Tests of the Globalization and Inflation Hypothesis Board of Governors of the Federal Reserve System, International Finance Discussion Papers 891.
19. IMF World Economic Outlook 2006 Decoupling the Train Spillovers and Cycles in the Global Economy April.
20. Kehoe, P. J., and V. Midrigan 2007 Sticky Prices and Sectoral Real Exchange Rates Federal Reserve Bank of Minneapolis, Working Paper 656.
21. Kamin, Steven B., M. Marazzi, and J. W. Schindler 2006 The Impact of Chinese Exports on Global Import Prices Review of International Economics, 14, 179 201.
22. Kose, M. Ayhan, C. Otrok, and C. H. Whiteman 2003 International Business Cycles: World, Region, and Country-Specific Factors American Economic Review, 93, 1216 39.
23. Mumtaz, A., and P. Surico 2007 Evolving International Inflation Dynamics: Evidence from a Time-varying Dynamic Factor Model CEPR Discussion Papers 6767.
24. Nakamura, Emi, and J. Steinsson 2006 Five Facts about Prices: A Reevaluation of Menu Cost Models Mimeo, Columbia University.
25. Wang, Pengfei, and Yi Wen 2007 Inflation Dynamics: A Cross-Country Investigation Journal of Monetary Economics, 54, 2004 31.
26. Yellen, Janet 2006 Monetary Policy in a Global Environment Speech delivered at the conference The Euro and the Dollar in a Globalized Economy University of California at Santa Cruz, Santa Cruz, California, May 27.