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The paper studies the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. The authors' methodology allows them to account for differences across groups of countries (advanced economies and emerging market and developing...
Persistent link: https://www.econbiz.de/10012008116
This paper analyzes whether taxation can be successfully used to reduce the incidence of labor informality and achieve higher equality in a globalized economy. To this purpose, it develops a two-area model: a developed country and an emerging country. The two areas differ according to the size...
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One reason that poor people may not capture the full benefit from participation in international markets is that the goods they produce tend to be subject to relatively high trade barriers. This paper analyzes market access barriers faced by households in different income deciles by matching...
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the treatment of endogenous globalization measures. "--World Bank web site … "globalization years" of 1986-2004. Controlling for trade openness and two indicators of financial globalization, the authors find … the output costs of promoting high interest rates to attract capital flows in a global world. These findings are robust to …
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