transport cost lead to greater openness, higher productivity and lower inflation. Following a decline in transport cost openness … disentangle the influences of monetary policy and globalization by showing that openness-induced productivity growth leads to a …

period 1981–1995. Confirming intuition, trade openness is easily the most important variable. There is also some evidence …

results indicate that the growing openness of the economy has contributed to sustaining the observed long run productivity …

Economic theory suggests that an economy's openness to international trade reduces the ability of monetary policy to …'s openness to foreign trade. Copyright Kluwer Academic Publishers 2001 …

openness for the relationship between output and inflation. This paper reviews proposed theoretical channels through which the … degree of openness might ultimately affect the output-inflation trade-off and surveys the empirical studies that have sought … to determine the net effect of greater openness on this trade-off. In addition, the paper utilizes a single cross …