Domestic Spillover Effects of Global Inflation

Hongseok Choi ()
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Hongseok Choi: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, https://www.kiep.go.kr/eng/

No 25-17, World Economy Brief from Korea Institute for International Economic Policy

Abstract: The global economy experienced disinflation from 1980 up until the COVID-19 pandemic of 2020. However, the pandemic disrupted global supply chains, which led to sharp inflation in the global economy between 2021 and 2022. In view of this significant shift in the global economy, Choi et al. (2024) analyzed how global inflation affects domestic prices and other macroeconomic variables in Korea, and the purpose of this report is to present their key findings. (the rest omitted)

Keywords: COVID-19; FX rate; global supply chain; domestic spillover effect (search for similar items in EconPapers)
Pages: 5 pages
Date: 2025-05-30
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