This paper evaluates the theoretical and empirical evidence that bears on the question of whether globalization and … petrodollars recycling contributed to significant changes in inflation performance in the U.S. We assume that the impact of … globalization can be direct and indirect. Direct impact is through the cheaper imported goods to the U.S. as a component of Consumer …

This paper evaluates the theoretical and empirical evidence that bears on the question of whether globalization and … petrodollars recycling contributed to significant changes in inflation performance in the U.S. We assume that the impact of … globalization can be direct and indirect. Direct impact is through the cheaper imported goods to the U.S. as a component of Consumer …

in a situation of low inflation rates, an increase in (youth) unemployment had been observed although the labor market …