Does Inflation in China Affect the United States and Japan?

Feyzioğlu, Tarhan; Willard, Luke

doi:10.2139/ssrn.892927

Cited by 6 publications

References 16 publications

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China's impact on South African trade and inflation

Rangasamy

Swanepoel

2011

Development Southern Africa

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There has been much controversy about the impact of Chinese growth on the rest of the world. It is generally accepted that China has a dampening effect on global inflation through the supply of cheap products. On the other hand, imports from China could displace domestic production and hence have adverse effects on economic growth and employment. Thus, the question of whether a country benefits from trading with China is a country-specific issue. The results in this paper indicate that limited short-term costs have resulted from the strengthening of trade relations between South Africa and China. As far as inflation is concerned, the paper does not find convincing empirical evidence at the aggregate level for inflation in China leading to domestic price changes. At the disaggregate level, however, there appear to be stronger sector-specific linkages between prices in China and South Africa.China, South Africa, trade, inflation, prices,

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China's impact on South African trade and inflation

Rangasamy

Swanepoel

2011

Development Southern Africa

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Mondialisation et hausse des prix à la consommation dans les pays de l'OCDE

Pain¹,

Koske²,

Sollie³

2008

Revue Économique De l'OCDE

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Globalisation and OECD consumer price inflation

Pain¹,

Koske²,

Sollie³

2008

OECD Journal: Economic Studies

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Over the past 25 years inflation has moderated considerably in all OECD economies. At the same time, the production of many goods and services has become increasingly internationalised and the level of trade between the OECD and non-OECD economies has risen markedly. This paper investigates the extent to which the observed changes in the inflation process can be attributed to the increasing integration of non-OECD economies into the global economy. The results of the analysis show that i) import prices have become a more important driver of domestic consumer prices since the mid-1990s; ii) the sensitivity of inflation to domestic economic conditions has declined whereas the sensitivity to foreign economic conditions has risen, working through import prices; and iii) the strong GDP growth in the non-OECD economies over the past five years has contributed to the growth of real oil and metals prices. A scenario analysis shows that globalisation has put upward pressure on inflation via higher commodity prices and downward pressure via lower non-commodity import prices with the latter effect having dominated in most OECD economies.

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Does Inflation in China Affect the United States and Japan?

Cited by 6 publications

References 16 publications

China's impact on South African trade and inflation

China's impact on South African trade and inflation

Mondialisation et hausse des prix à la consommation dans les pays de l'OCDE

Globalisation and OECD consumer price inflation

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