ABSTRACT
As indicated in Chapter 15, the USA can transmit inflation in three ways: first, by higher export prices for its products sold overseas; second, by lowering its own interest rates and inducing inflows of capital into the rest of the world; third, by increasing its own level of activity and/or through structural shifts in its own demand for the rest of the world's exports. The US contribution to world inflation - 1960 to 1973 summary
|
1960–64 |
1965–66 |
1967–68 |
1969–72 |
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|
1. |
https://s3-euw1-ap-pe-df-pch-content-public-p.s3.eu-west-1.amazonaws.com/9781315019468/9761a25c-502b-4b55-9e24-18824bef166d/content/in182_1_B.tif" xmlns:xlink="https://www.w3.org/1999/xlink"/> |
+0.6 |
+3.1 |
+1.6 |
+3.8 |
|
1960–64 |
1965–68 |
1969–70 |
1971–72 |
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|
2. |
rUS |
3.0 |
4.8 |
6.5 |
4.2 |
|
(1.7) |
(1.9) |
(0.9) |
(0.3) |
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|
3. |
reu |
4.0 |
5.7 |
9.2 |
6.0 |
|
1960–64 |
1965–68 |
1969–71 |
1972–73 |
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|
4. |
https://s3-euw1-ap-pe-df-pch-content-public-p.s3.eu-west-1.amazonaws.com/9781315019468/9761a25c-502b-4b55-9e24-18824bef166d/content/in182_2_B.tif" xmlns:xlink="https://www.w3.org/1999/xlink"/> |
3.8 |
14.1 |
5.7 |
9.9 |
|
5. |
https://s3-euw1-ap-pe-df-pch-content-public-p.s3.eu-west-1.amazonaws.com/9781315019468/9761a25c-502b-4b55-9e24-18824bef166d/content/in182_3_B.tif" xmlns:xlink="https://www.w3.org/1999/xlink"/> |
4.0 |
4.8 |
1.9 |
5.6 |
|
1960–64 |
1965–68 |
1969–73 |
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|
6. |
https://s3-euw1-ap-pe-df-pch-content-public-p.s3.eu-west-1.amazonaws.com/9781315019468/9761a25c-502b-4b55-9e24-18824bef166d/content/in182_4_B.tif" xmlns:xlink="https://www.w3.org/1999/xlink"/> |
4.3 |
4.9 |
5.9 |
|
