globalization, governments vie to gain and hold onto them. Mobile factors will flee economies that burden them with high taxes …

Remarks before the Global Interdependence Center, Philadelphia, Pennsylvania, January 17, 2008. ; "...the FOMC does not … intend to just squat and wait should economic data and sound risk management signal that monetary accommodation is required." …

complicated by globalization--the freer flow of goods, services, money, ideas and people across national borders. Its present …

; "Globalization is almost surely part of the explanation of the decline in inflation and output volatility that we've seen in many …

Remarks at the HSBC Global Investment Seminar, London, October 10, 2006. ; "My point is simply that the committee …

Recent papers have argued that one implication of globalization is that domestic inflation rates may have now become … more a function of "global," rather than domestic, economic conditions, as postulated by closed-economy Phillips curves …. This paper aims to assess the empirical importance of global output in determining domestic inflation rates by estimating a …

This paper estimates a structural New Keynesian model to test whether globalization has changed the behavior of U … of domestic inflation and output to "global" output, and so forth--are allowed in the estimation to depend on the extent … of globalization (modeled as the changing degree of openness to trade of the economy), and, therefore, they become time …