Schwerhoff, Gregor; Sy, Mouhamadou - In: Open Economies Review 25 (2014) 2, pp. 337-371
The dramatic decline in inflation across the world over the last 20 years has been largely credited to improved monetary policy. The universal nature of the phenomenon, however, indicates that globalization, which occurred simultaneously, also played a role. We build a model based on Melitz (<CitationRef...</citationref>
