Sentance, Andrew (2008) Global inflation: how big a threat? Bank Of England Quarterly Bulletin, Vol. 48 . pp. 339-347. ISSN 0005-5166

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Abstract

In this speech, Andrew Sentance, a member of the Monetary Policy Committee, discusses the origins of the recent change in the global inflation climate, whether the change in trend is likely to be sustained and the implications for monetary policy. He highlights the stronger inflationary impetus from goods traded on global markets in recent years, reflecting strong growth in developing and emerging markets. Though the major developed economies are better placed to deal with the current round of price shocks than during the 1970s, emerging market and developing economies may be more vulnerable. But avoiding the mistakes of the 1970s, when high inflation became deeply ingrained and embedded in behaviour and expectations, is likely to require a squeeze on spending and incomes - with consequences for economic growth in the short term.

Item Type:	Journal Item
Subjects:	H Social Sciences > HF Commerce
Divisions:	Faculty of Social Sciences > Warwick Business School > Marketing & Strategic Management Faculty of Social Sciences > Warwick Business School
Journal or Publication Title:	Bank Of England Quarterly Bulletin
Publisher:	Bank Of England
ISSN:	0005-5166
Date:	2008
Volume:	Vol. 48
Number of Pages:	9
Page Range:	pp. 339-347
Status:	Not Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
URI:	http://wrap.warwick.ac.uk/id/eprint/44271

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