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Has Globalization Changed Inflation?

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NBER2006-11-01 更新2025-01-04 收录
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Many observers suggest that the "globalization" of the U.S. economy has changed the behavior of inflation. This essay examines this idea, focusing on several questions: (1) Has globalization reduced the long-run level of inflation? (2) Has it affected the structure of inflation dynamics, as captured

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2006-11-01
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