Inflation dynamics in open economies: empirical evidence for G7 countries on the role of import prices and the cost channel
The supply side effects of nominal interest rate and import prices on inflation are very important for the design of monetary policy. However, the empirical identification of the cost channel has ignored import prices. We start by developing a model which shows that ignoring import prices in the est...
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| Format: | workingPaper |
| Language: | eng |
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2013
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| Online Access: | http://hdl.handle.net/10071/4871 |
| Country: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/4871 |