We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …

The paper provides a unified analysis of globalization effects on the inflation-output tradeoff and monetary policy, in … tend to flatten the tradeoff between inflation and activity. Second, these globalization forces lead monetary policy to be …

globalization on the economies and cultures of the world, arguing that international integration can lead to national disintegration …