use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to … study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of …We revisit the effects of globalisation over the past 50 years in a large sample of advanced and emerging countries. We …

use accessions to \Globalisation Clubs" (WTO, OECD, EU), financial liberalisation and an instrument for trade openness to … study the trade-off between efficiency (proxied by real GDP per capita and TFP) and equity (proxied by the labour share of …We revisit the effects of globalisation over the past 50 years in a large sample of advanced and emerging countries. We …

with those of the rest of the world. We analyse the relative importance of US, country-specific, and global variables as …. Global and national risk indicators perform better in explaining “rest of the world” flows. Moreover, we find that the … correlation between US and rest of the world flows peaks in periods of elevated uncertainty. We interpret our findings as evidence …

The paper shows that US monetary policy has been an important determinant of global equity markets. Analysing 50 equity …