Technological progress, globalization and low-inflation: Evidence from the United States.

Since the late 1990s, particularly since the global financial crisis, the core inflation of main developed economies' has been persistently below target. The factors hindering the achievement of inflation targets are nothing more than commodity price, oil supply, weakness of aggregate demand, a...

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Bibliographic Details
Main Authors: Lei Lv, Zhixin Liu, Yingying Xu
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2019-01-01
Series:PLoS ONE
Online Access:https://doi.org/10.1371/journal.pone.0215366