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We examine the global dimension of inflation in 24 OECD countries between 1980 and 2007 in a traditional Phillips curve framework. We decompose output gaps and changes in unit labor costs into common (or global) and idiosyncratic components using a factor analysis and introduce these components...
Persistent link: https://www.econbiz.de/10005002778
The last two-three decades have been characterised by a determined return to economic integration and neo-laissez faire policies, but at the same time poverty and inequality have remained high or have increased. Prospects are not encouraging for many reasons, especially the inadequacy of...
Persistent link: https://www.econbiz.de/10005003949
progress is being made against poverty and inequality in the current period of “globalization.” This paper provides a non … on globalization and pro-poor growth. …
Persistent link: https://www.econbiz.de/10005003972
Persistent link: https://www.econbiz.de/10005004452
rights (who decides on the solutions.implementation?) and (ii) globalization (who knows what about solutions adopted in other …
Persistent link: https://www.econbiz.de/10005004541
new information and communication technologies, the globalization of economies and the 2007-08 financial crisis have … considerably modified the geography of finance. Financial globalization has, first of all, had a heavy impact on the level of … regional scale or the national scale, due to financial globalization, financial activities have been more tightly grouped …
Persistent link: https://www.econbiz.de/10005005494
On the basis of civil-liberty index and trade openness ratio ([export + import]/GDP), this empirical study makes use of time series data (1972-2001) to analyze the relationship between trade liberalization and civil liberty in Turkey. With the help of cointegration analysis, the study comes to...
Persistent link: https://www.econbiz.de/10005005775
Recent papers have argued that one implication of globalization is that domestic inflation rates may have now become …
Persistent link: https://www.econbiz.de/10005009939
This paper estimates a structural New Keynesian model to test whether globalization has changed the behavior of U … of globalization (modeled as the changing degree of openness to trade of the economy), and, therefore, they become time …-varying. The empirical results indicate that globalization can explain only a small part of the reduction in the slope of the …
Persistent link: https://www.econbiz.de/10005009941
strategic dynamics of the contemporary movement of globalization. The paper is going to explore the significant patterns of … globalization and the corresponding revolutionary tendencies responses encountered on the global level. Design … the economic crises of the Islamic countries within the prevailing framework of the capitalistic globalization, the …
Persistent link: https://www.econbiz.de/10005011442