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|z 9781513519944
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|a 1018-5941
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|a Csonto, Balazs.
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|a Is Digitalization Driving Domestic Inflation? /
|c Balazs Csonto, Yuxuan Huang, Camilo Tovar Mora.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2019.
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|a 1 online resource (45 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the extent to which digitalization-measured by a new proxy based on IP addresses allocations per country-has influenced inflation dynamics in a sample of 36 advanced and emerging economies over 2000-2017. Phillips curve estimates show that digitalization has a statistically significant negative effect on inflation in the short run. Its economic impact is not large but has increased since 2012 and mainly operates through a cost/competition channel. Principal components and cointegration analysis further suggest digitalization is a key driver of lower trend inflation.
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|a Mode of access: Internet
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|a Huang, Yuxuan.
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|a Tovar Mora, Camilo.
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|a IMF Working Papers; Working Paper ;
|v No. 2019/271
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2019/271/001.2019.issue-271-en.xml
|z IMF e-Library
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