The global economy has witnessed a decline in inflation and an increase in inflation synchronization since the early 1980s. This paper investigates the relationship between inflation synchronization and trade integration, and documents the strong link between inflation co-movement and Global Value Chain (GVC) participation. Using 35 years and both gross and value-added trade flows, evidence shows that an increase in production linkages, as proxied...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2019/12/18
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Рабочий документ в рамках исследования вопросов политики
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WPS9090
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1
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1
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2019/12/18
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Disclosed
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Inflation Dynamics and Global Value Chains
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global value chain
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