Globalization, Macroeconomic Performance, and Monetary Policy
By Frederic S. Mishkin, National Bureau of Economic Research, May 1, 2008 (Paper can be downloaded from the website)
The paper argues that many of the exaggerated claims that globalization has been an important factor in lowering inflation in recent years just do not hold up. Globalization does, however, have the potential to be stabilizing for individual economies and has been a key factor in promoting economic growth.
>> View Article | created on: 05/13/2008
