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Inflation-Output Tradeoff as Equilibrium Outcome of Globalization
Binyamini, Alon - 2008
The paper provides an integrated analysis of globalization effects on the inflation-output tradeoff and monetary policy … flatten the Phillips curve, the tradeoff between inflation and activity. Second, the same globalization forces lead the …
Persistent link: https://www.econbiz.de/10012464268
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Flattened Inflation-Output Tradeoff and Enhanced Anti-Inflation Policy : Outcome of Globalization?
Razin, Assaf - 2007
The paper provides a unified analysis of globalization effects on the Phillips curve and monetary policy, in a New … inflation and activity. If policy makers are guided by the welfare criterion of the representative household, globalization …
Persistent link: https://www.econbiz.de/10012465371
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Globalization and Disinflation : A Note
Razin, Assaf - 2004
The note analyzes how globalization forces induce monetary authorities, guided in their policies by the welfare …
Persistent link: https://www.econbiz.de/10012467733
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Globalization and Inflation-Output Tradeoffs
Razin, Assaf - 2005
implication of the theory is that globalization forces could induce monetary authorities, to put a greater emphasis on reducing … openness on the sacrifice ratio which supports the prediction of the theory …
Persistent link: https://www.econbiz.de/10012467036
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Liquidity, Institutional Quality and the Composition of International Equity Flows
Goldstein, Itay - 2010
economy-wide sales of external assets. Consistent with our theory, we find that the predicted liquidity shock has a strong …
Persistent link: https://www.econbiz.de/10012462924
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Evaluation of Exchange-Rate, Capital Market, and Dollarization Regimes in the Presence of Sudden Stops
Razin, Assaf - 2005
The literature has not being able to identify clear-cut real effects of exchange-rate regimes on output growth. Similarly, no definitive view emerges from the literature in regard to the effects of open capital markets on macroeconomic performance. The paper attributes the failure of the...
Persistent link: https://www.econbiz.de/10012467554
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An Information-Based Model of Foreign Direct Investment : The Gains from Trade Revisited
Razin, Assaf - 1999
Foreign direct investment (FDI) is observed to be a predominant form of capital flows to emerging economies, especially when they are liquidity-constrained internationally during a global financial crisis. The financial aspects of FDI are the focus of the paper. We analyze the problem of...
Persistent link: https://www.econbiz.de/10012471927