AH...so here it is:
"A new formula emerges from an economic model being developed by the federal reserve bank in of dallas. it reveals something the traditional doctrine misses: inflation varies inversely with growth not only in the domestic economy but also with growth in other countries>
So apparently - the importance of domestic/global growth depends on four factors:
country size
home bias
ease of substitution
production tradeoffs
Gonna keep reading...see what else gives
