Developed countries have increasingly synchronised inflation rates as they become more linked to other economies, according to research published by the Bank of Spain.
In The relationship between inflation rates in advanced economies, Luis Álvarez, Ana Gómez Loscos and Maria Dolores Gadea find this trend particularly strong in the eurozone.
The authors point out this trend may be interrupted. “The recent upsurge in protectionism would suggest that the degree to which inflation rates are
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