This paper reviews the analytics of the effects of globalization on the Phillips curve and the utility-based objective … less responsive to the output gap. In other words, globalization induces the monetary authority, when guided in its policy …

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 …

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 …. The paper provides an overview of the new globalization trends in the world and in Israel, with emphasis on the role of …