effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as … how the combined forces of demographic change and globalization will make it impossible for the welfare state to maintain … globalization of the capital market. Applying a political economy model and drawing on empirical data from the EU and the United …

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 …