international transmission of inflation among stronggstrong-7 countries a.pdf

WORKING PAPER SERIES International Transmission of Inflation among G-7 Countries: A Data-Determined VAR Analysis Jian Yang Hui Guo and Zijun Wang Working Paper 2004-028B /wp/2004/2004-028.pdf November 2004 Revised October 2005 FEDERAL RESERVE BANK OF ST. LOUIS Research Division 411 Locust Street St. Louis, MO 63102 ______________________________________________________________________________________ The views expressed are those of the individual authors and do not necessarily reflect official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the Board of Governors. Federal Reserve Bank of St. Louis Working Papers are preliminary materials circulated to stimulate discussion and critical comment. References in publications to Federal Reserve Bank of St. Louis Working Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author or authors. Photo courtesy of The Gateway Arch, St. Louis, MO. International Transmission of Inflation among G-7 Countries: A Data-Determined VAR Analysis Jian Yang* Department of Accounting, Finance and MIS, Prairie View AM University, Prairie View, TX 77446, USA Hui Guo* Research Division, Federal Reserve Bank of St. Louis, P.O. Box 442,