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Economic Policy in the Presence of Globalisation: Report on Hans-Werner Sinn’s 60th Birthday Conference

Sherman, Heidemarie C. - In: CESifo Forum 09 (2008) 2, pp. 28-36

Persistent link: https://www.econbiz.de/10011695896

Implications of Globalization for Monetary Policy

Wagner, Helmut - 2002

This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the one hand, the many structural changes, which are associated with the globalization process, cause an increase in uncertainty surrounding monetary policy. This leads to an...

Persistent link: https://www.econbiz.de/10011689901

Local Inflation: Reconsidering the International Comovement of Inflation

Förster, Marcel; Tillmann, Peter - 2013

In this paper we reconsider the degree of international comovement of inflation rates. We use a dynamic hierarchical factor model that is able to decompose Consumer Price Index (CPI) inflation in a panel of countries into (i) a factor common to all inflation series and all countries, (ii) a...

Persistent link: https://www.econbiz.de/10010294381

Understanding inflation in emerging and developing economies

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019

Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a checkered history of managing inflation among many EMDEs,...

Persistent link: https://www.econbiz.de/10012060219

The Global Crisis of the Late 2000s and Currency Substitution: A Study of Three Eastern European Economies Russia, Turkey and Ukraine

Akalin, Gurkan I.; Prater, Edmund L. - In: Journal of Central Banking Theory and Practice 4 (2015) 2, pp. 5-22

along with the limited economic liberalization during the period of the 90s and the early 2000s. Similarly, Turkey, not a … (Civcir, 2003). In the case of Turkey, the ratio of reserves held in the foreign currency over the local currency, which is a … substitution during and after the global financial crisis between 2007 and 2010 in Russia, Turkey and Ukraine. These three …

Persistent link: https://www.econbiz.de/10012217807