not limited to geographical proximity, small world features, regional homophily, and a core-periphery structure …

are on the aggregate likely motivated by re-exports toinvestor countries rather than to world markets. This contrasts with …

-financial globalization. Both country- and industry-level resultssuggest that such policies have led on average to limited output gains while …

Macrofinancial Model (GFM). This dynamic stochastic generalequilibrium model of the world economy, disaggregated into forty national …

to be determined by globalization. Relying on a non-linear dynamic panelrepresentation, it reconciles the earlier results … in the literature regarding the two oppositenarratives of the effects of globalization on output growth. Countries … experience higher growth, onaverage, the more open and integrated they are into the world. However, once they reach a …

remarkably low and stable. Was this related to a global disinflation environment triggered by China's integration into world … trade and the broader globalization inthese economies, or to better domestic policies? In this paper, we review the …