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The Analysis Of Comovement Of World Inflation

Posted on:2012-10-28Degree:MasterType:Thesis
Country:ChinaCandidate:Y T GaoFull Text:PDF
GTID:2219330368477166Subject:World economy
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The real economy is a dynamic Non-equilibrium State. Price indices often cruise between inflation and deflation. As the one in four issues of macroeconomic regulation target price have always been concerns by economists proposition.This paper mainly divided into three parts. The first part is basic theoretical part, in part 1 we focus on the inflation definition, The inflation in four different partition method type, inflation measure, inflation international conduction, inflation in the economic consequences, and a simple adjust the monetarism world inflation model.The second part is descriptive analysis inflation since 1960. We divided into two parts.the one descriptive the inflation in 1960-1980.The another part descriptive the inflation in1981-2008.The third part is the core chapter in this article. By the former part of the descriptive analysis we know the global inflation may be comovement. The next working automatically transferred to validate the global inflation concernedness. We set up three different analysis models. the model namely:The simple average,The aggregate OECD inflation and A measure based on static factor analysis.Finally, we summarized the main idea of this article, and put forward some further research direction. At the same time, we hope that in the impact of globalization increased contemporary, central Banks can hope to reconsider monetary policy for the global economy influence. Open economies in domestic macroeconomic policies formulated to pay more attention to international economic changes as soon as possible, thus the policy adopted foresight achieve the effective continuous regulating macroeconomic purpose.
Keywords/Search Tags:global inflation, comovement, comparative analysis, inflation forecast
PDF Full Text Request
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