Excellent new research from Harvard economist Gita
Gopinath highlights the impact of dollar's preeminence in trade invoicing:
http://www.wsj.com/articles/dollar-moves-dont-put-much-pressure-on-u-s-inflation-fed-conference-paper-1440774000
http://www.wsj.com/articles/dollar-moves-dont-put-much-pressure-on-u-s-inflation-fed-conference-paper-1440774000
You can find a profile of Prof. Gopinath here:
http://www.bloomberg.com/news/2013-02-06/harvard-s-gopinath-helps-france-beat-euro-straitjacket.html