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Globalization and Disinflation: A Note

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Author Info
Assaf Razin

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Abstract

The note analyzes how globalization forces induce monetary authorities, guided in their policies by the welfare criterion of a representative household, to put greater emphasis on reducing the inflation rate than on narrowing the output gaps.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 10954.

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Date of creation: Dec 2004
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Handle: RePEc:nbr:nberwo:10954

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Find related papers by JEL classification:
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
F3 - International Economics - - International Finance

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  1. Luke Willard & Tarhan Feyzioglu, 2006. "Does Inflation in China Affect the United States and Japan?," IMF Working Papers 06/36, International Monetary Fund. [Downloadable!]
  2. Raphael Auer & Andreas M. Fischer, 2008. "The effect of trade with low-income countries on U.S. industry," Globalization and Monetary Policy Institute Working Paper 14, Federal Reserve Bank of Dallas. [Downloadable!]
    Other versions:
  3. Celine Allard, 2007. "Inflation in Poland: How Much Can Globalization Explain?," IMF Working Papers 07/41, International Monetary Fund. [Downloadable!]
  4. G. Lim & Paul Mcnelis, 2006. "Central Bank Learning and Taylor Rules with Sticky Import Prices," Computational Economics, Springer, vol. 28(2), pages 155-175, September. [Downloadable!] (restricted)
  5. Marcelo Sánchez, 2006. "Implications of monetary union for catching-up member states," Working Paper Series 630, European Central Bank. [Downloadable!]
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