trade openness, and we seek support for a causal interpretation of this result in instrumental variable specifications. …

Openness per se requires optimal monetary policy to deviate from the canonical closed-economy principle of domestic … model to include imported inputs of production. Production openness strengthens even further the incentive for the … policymaker to deviate from strict domestic price stability. With both consumption and production openness variations in the world …

has a positive and significant impact on a country’s level of openness. Domestic tariffs have no statistically significant …

paper we use the cross-country and time-series variation in openness to study the relationship between trade and finance in … more detail. Our results suggest that increases in goods market openness are typically followed by sustained increases in …

economies from 1973-2000. Reserve holdings and openness are found to be the most important explanatory variables of reserve …

higher degree of openness triggers higher basic research and higher applied research investments in leading sectors. If …

Recent cross-country studies on the globalization and output-inflation tradeoff correlation find openness has no … openness on the output-inflation trade off differ in sign and size across countries. In contrast to previous cross …

investment share, initial human capital, trade openness, the national income share of natural resource exports and population …

This paper investigates the relationship between trade openness and the size of governments, both theoretically and … empirically. We argue that openness can increase the size of governments through two channels: (1) a terms of trade externality … openness and government size and we explore its determinants. Consistently with the terms of trade externality channel, we show …