business and credit cycles were as strong during Bretton Woods (1950-1972) as during the Globalization period (1984-2006). For …

What does financial globalization imply for the design of monetary policy? Does the case for price stability change in …

This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the … one hand, the many structural changes that are associated with the globalization process cause an increase in the … integration, globalization increases international competition, thereby forcing market players to make structural adjustments or …

whether financial globalization has helped induce governments to pursue better macroeconomic policies (the ""discipline effect … robust causal evidence. There is some evidence that financial globalization may have induced countries to pursue low …

The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with … countries that have adapted to financial globalization, drawing lessons for India. While we find no strong relationship between …

. This development has been attributed, in part, to globalization forces. A small macroeconomic model, estimated on UK data … the implications of a globalization-related flattening of the Phillips curve for the trade-off between inflation and …