structural changes relating to globalization, this paper examines some of the key factors affecting global inflation. The paper …Against the background of large fluctuations in world commodity prices and global growth, combined with ongoing … empirically investigates various relative price and structural impacts on global inflation by: estimating a GVAR to examine how …

inflation and activity. If policy makers are guided by the welfare criterion of the representative household, globalization …The paper provides a unified analysis of globalization effects on the Phillips curve and monetary policy, in a New … forces also lead monetary policy to be more aggressive with regard to inflation fluctuations but, at the same time, more …

The decline in the sensitivity of inflation to domestic slack observed in developed countries over the last 25 years … has been often attributed to globalization. However, this intuition has so far not been formalized. I develop a general … time varying desired markup; endogenous firm entry makes the market structure change with globalization; heterogeneous …