A number of theoretical models predict that the slope of the Phillips curve increases with trade openness, but cross … inflation dynamics in open economies, but previous studies have not made a distinction between fixed and floating exchange rate … driving output and inflation (the underlying theory requires that monetary shocks dominate). We calculate new measures of the …

Standard open economy models predict that openness to trade should exert a positive effect on the slope of the output-inflation …

Standard open economy models predict that openness to trade should exert a positive effect on the slope of the output-inflation …

controlling for imported commodity intensity also doubles the explanatory power of openness in determining the sacrifice ratio, as …

of a structural model. Globalization is modeled as a time-varying degree of openness in the economy. We estimate the … inflation are significantly affected by global output. Fluctuations in Korean output, inflation, and interest rates, which were …

shocks. I show that this result depends on the degrees of openness of the economy and foreign currency indebtedness and, in …

near VAR approach. The 32 country sample for the period 1980-2001 was split according to the degree of openness of the …

inflation is found to be quite sensitive to the unemployment gap. An increase in cyclical unemployment by 1 percentage point … will reduce inflation by approximately 0.6 percentage points within a year. …

inflation is found to be quite sensitive to the unemployment gap. An increase in cyclical unemployment by 1 percentage point … will reduce inflation by approximately 0.6 percentage points within a year. …

inflation is found to be quite sensitive to the unemployment gap. An increase in cyclical unemployment by 1 percentage point … will reduce inflation by approximately 0.6 percentage points within a year. …