| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27957 |
| 来源ID | Working Paper 27957 |
| Offshoring and Inflation | |
| Diego A. Comin; Robert C. Johnson | |
| 发表日期 | 2020-10-19 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Did trade integration suppress inflation in the United States? Conventional wisdom says “yes,” based on the disinflationary supply-side impacts of trade. We argue that these supply-side arguments are incomplete, because trade integration also influences aggregate demand. Our analysis leverages two facts: trade integration was a long-lasting, phased-in shock, and offshoring accounts for a large share of it. Given these facts, we show trade integration is inflationary in conventional New Keynesian models. This result continues to hold when we account for US trade deficits, the pro-competitive effects of trade on domestic markups, and cross-sector heterogeneity in trade integration. |
| 主题 | Macroeconomics ; Monetary Policy ; International Economics ; Trade ; International Macroeconomics ; Globalization and International Relations |
| URL | https://www.nber.org/papers/w27957 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585631 |
| 推荐引用方式 GB/T 7714 | Diego A. Comin,Robert C. Johnson. Offshoring and Inflation. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27957.pdf（789KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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