Ball: globalisation does not affect inflation
A recent paper by Laurence Ball for the National Bureau of Economic Research suggetss that "globalisation has had little effect on the rate of inflation in the United States."
In the working paper 'Has globalization changed inflation?' Laurence Ball of the NBER reviews theory and evidence on the behaviour of US inflation.
Ball examines both theory and evidence for the effect of foreign trade on inflation and the output-inflation trade-off, and makes a distinction between relative prices and
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