. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of …Post WWII globalization forces are facing headwinds in the form of global crises-the “The Great Recession” and the “The … Pandemic Recession”. Israel’s trade and financial globalization, however, is steadily rising. The pandemic-induced slump in …

rest of the world are examined. For this purpose a general equilibrium model which is characterized by fully integrated … world capital marketsis constructed, economic agents behave rationally, and government policies are constrained to obey the …

implication of the theory is that globalization forces could induce monetary authorities, to put a greater emphasis on reducing …

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 …

The note analyzes how globalization forces induce monetary authorities, guided in their policies by the welfare …

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 …