01714cas a2200265 a 4500 AALejournalIMF016027 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513519944 1018-5941 BD-DhAAL BD-DhAAL Csonto, Balazs. Is Digitalization Driving Domestic Inflation? / Balazs Csonto, Yuxuan Huang, Camilo Tovar Mora. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (45 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 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. Mode of access: Internet Huang, Yuxuan. Tovar Mora, Camilo. IMF Working Papers; Working Paper ; No. 2019/271 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/271/001.2019.issue-271-en.xml IMF e-Library