7  See The Economist (2005), “A foreign affair”, Economics Focus, 20 October, and Business Week (2006), “A narrow window on the world”, 5 June.
8  For instance, evidence in support of this hypothesis for sixteen industrialised countries and the euro area has been recently provided by Borio, C. and A. Filardo (2007), “Globalisation and inflation: New cross-country evidence on the global determinants of domestic inflation”, BIS Working Papers No. 227.