Hidden Bibliographic Details
| Other authors / contributors: | Huang, Yuxuan, author.
Tovar Mora, Camilo E., author.
International Monetary Fund, issuing body.
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| ISBN: | 1513523147
9781513523149
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| Notes: | Print version record.
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| Summary: | 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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| Other form: | Print version: Csonto, Balazs. Is Digitalization Driving Domestic Inflation? Washington, D.C. : International Monetary Fund, ©2019 9781513519944
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