전자상거래의 인플레억제 효과

This Paper investigates the impact of Electronic commerce(EC) on inflation to make the case for believing that the electronic commerce will lead to downward pressure on inflation. The results were derived from pooled regressions using cross-sectional annual data over twenty one OECD countries for 1995-2000 years. The main empirical findings are as follows. First, Our result supports the hypothesis of the EC's downward inflation pressure. The higher EC countries were turn out to have lower inflationary pressures. Second Two main channels through which EC affects inflation are identified to be a cost savings effect and a wealth effect : the first one is found to have downward pressure on inflation but the other to have upward inflationary pressure. Conclusively, we suggest the policy cutting inflation pressure should be preferred in the country faced with inflationary pressure due to wealth effect.