,' developed in trade theory to analyze the benefits from promoting entry of domestic firms in the manufacturing sector. In a … trade predicted by the theory are present in data and are quantitatively important …

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 …

post too much through lobbying by corporate insiders. With financial globalization, national disclosure laws can have wide …

globalization is accompanied by the development of domestic institutions and financial markets. However, if liberalization does not … lead to financial development, globalization can result in adverse effects on social welfare and the distribution of wealth … asset market incompleteness, financial globalization hurts the poor in countries with less developed financial markets. This …

It has recently become popular to argue that globalization has had or will soon have dramatic consequences for the … banks. In this paper, I consider three possible mechanisms through which it might be feared that globalization can undermine … globalization, even of a much more thorough sort than has yet occurred, is unlikely to weaken the ability of national central banks …

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 …