Inflation globalisation hypothesis

The objective of this study is to analyse the impact of the domestic output gap and the foreign output gap on domestic inflation through trade openness within the Phillips curve of the open economy. Using quarterly data for the period 2001-2016 and a non-linear threshold model, the research results support the hypothesis of inflation globalisation and present partial impacts of globalisation on the economy of Vietnam.

15p viartemis2711 22-10-2019 18 1   Download