U.K. Inflation and Relative Prices Over the Last Decade: How Important was Globalization?, Issues 2007-2208

Front Cover
International Monetary Fund, Aug 1, 2007 - Inflation (Finance) - 28 pages
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 has had a larger effect in the United Kingdom than in either the United States or the Euro Area, it explains only a portion of the developments and U.K. specific factors played an important role.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.


An Overview of The Global Economic Model
Simulation Analysis
The 3Year Ahead Acceleration in GDP Growth in Emerging Asia

1 other sections not shown

Other editions - View all

Common terms and phrases

Bibliographic information