This paper reviews the evidence on the relationship between openness and inflation. There is a robust negative … relationship across countries, first documented by Romer (1993), between a country's openness to trade and its long-run inflation … global developments may influence the nation's inflation. We document evidence that global resource utilization may play a …

This paper develops a model of inflation in an open economy. The model permits analysis of the susceptibility of open … paper arrives at a “structuralist inflation targeting agenda”. Based on a proper conception of inflation dynamics, this … involves “getting inflation targeting right” rather than either accepting mainstream inflation targeting prescriptions or …