IDEAS home Printed from
   My bibliography  Save this article

Emerging Asia and global inflation


  • Chris Hunt

    (Reserve Bank of New Zealand)


The integration of emerging markets such as China into the global economy has had a profound effect on the inflation process in advanced economies. This article examines the relationship between the integration of emerging Asia into the global economy and the inflation process in New Zealand, highlighting both the downward and upward pressures on inflation emanating from the region. Monetary policymakers appear to have benefited from the protracted deflationary impulse from lower import prices, which may have made the achievement of domestic inflation objectives easier to achieve than might otherwise have been the case. However, this positive supply shock has more recently been matched by the headwinds of higher commodity prices.

Suggested Citation

  • Chris Hunt, 2007. "Emerging Asia and global inflation," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 70, March.
  • Handle: RePEc:nzb:nzbbul:march2007:4

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Richard W. Fisher, 2006. "Monetary policymaking in a globalized world," Speeches and Essays 62, Federal Reserve Bank of Dallas.
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Scott Bowman & Patrick Conway, 2013. "China’s recent growth and its impact on the New Zealand economy," Treasury Working Paper Series 13/15, New Zealand Treasury.
    2. Victoria Yili Zhang, 2009. "The evolution of New Zealand's trade flows," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 42-46, December.
    3. Dovern, Jonas & Gern, Klaus-Jürgen & Jannsen, Nils & Scheide, Joachim & van Roye, Björn, 2008. "Weltwirtschaft im Abschwung," Open Access Publications from Kiel Institute for the World Economy 28829, Kiel Institute for the World Economy (IfW).

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nzb:nzbbul:march2007:4. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Reserve Bank of New Zealand Knowledge Centre). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.