Abstract Globalization influences inflation and the transmission channels of monetary policy in various ways. The … effects of globalization on the ability of monetary policy to control inflation have been discussed intensively. However, in … increasing globalization has received new relevance. Based on a review of the literature, this paper discusses whether …

This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the … one hand, the many structural changes, which are associated with the globalization process, cause an increase in … integration, the globalization process increases international competition. Thereby, globalization forces market players to make …