01611cas a2200241 a 4500 AALejournalIMF009280 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451867725 1018-5941 BD-DhAAL BD-DhAAL Hunt, Benjamin. U.K. Inflation and Relative Prices over the Last Decade : How Important was Globalization? / Benjamin Hunt. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In this paper, the IMF's new Global Economy Model (GEM) is used to estimate the relative importance of a number of factors argued to explain the differences in the trends in core inflation and relative prices in the United Kingdom, the Euro Area and the United States. The simulation results indicate that while the direct effect of globalization has had a larger effect in the United Kingdom than in either the United States or the Euro Area, it explains only a portion of the developments and U.K. specific factors played an important role. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2007/208 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/208/001.2007.issue-208-en.xml IMF e-Library