Globalization, Domestic Inflation and Global Output Gaps: Evidence from the Euro Area
Author
Abstract
Suggested Citation
DOI: 10.1111/j.1468-2362.2009.01248.x
Download full text from publisher
References listed on IDEAS
- John M. Roberts, 2006.
"Monetary Policy and Inflation Dynamics,"
International Journal of Central Banking, International Journal of Central Banking, vol. 2(3), September.
- John M. Roberts, 2004. "Monetary policy and inflation dynamics," Finance and Economics Discussion Series 2004-62, Board of Governors of the Federal Reserve System (U.S.).
- Roberts, John M, 2006. "Monetary Policy and Inflation Dynamics," MPRA Paper 812, University Library of Munich, Germany.
- Argia M. Sbordone, 2007.
"Globalization and Inflation Dynamics: The Impact of Increased Competition,"
NBER Chapters, in: International Dimensions of Monetary Policy, pages 547-579,
National Bureau of Economic Research, Inc.
- Argia M. Sbordone, 2007. "Globalization and Inflation Dynamics: the Impact of Increased Competition," NBER Working Papers 13556, National Bureau of Economic Research, Inc.
- Argia M. Sbordone, 2008. "Globalization and inflation dynamics: the impact of increased competition," Staff Reports 324, Federal Reserve Bank of New York.
- Michael Woodford, 2007.
"Globalization and Monetary Control,"
NBER Chapters, in: International Dimensions of Monetary Policy, pages 13-77,
National Bureau of Economic Research, Inc.
- Woodford, Michael, 2007. "Globalization and Monetary Control," CEPR Discussion Papers 6448, C.E.P.R. Discussion Papers.
- Michael Woodford, 2007. "Globalization and Monetary Control," NBER Working Papers 13329, National Bureau of Economic Research, Inc.
- Jean Boivin & Marc P. Giannoni, 2007.
"Global Forces and Monetary Policy Effectiveness,"
NBER Chapters, in: International Dimensions of Monetary Policy, pages 429-478,
National Bureau of Economic Research, Inc.
- Marc Giannoni & Jean Boivin, 2008. "Global Forces and Monetary Policy Effectiveness," 2008 Meeting Papers 1067, Society for Economic Dynamics.
- Jean Boivin & Marc Giannoni, 2008. "Global Forces and Monetary Policy Effectiveness," NBER Working Papers 13736, National Bureau of Economic Research, Inc.
- Filippo di Mauro & L. Vanessa Smith & Stephane Dees & M. Hashem Pesaran, 2007.
"Exploring the international linkages of the euro area: a global VAR analysis,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(1), pages 1-38.
- Stephane Dees & Filippo di Mauro & M. Hashem Pesaran & L. Vanessa Smith, 2004. "Exploring the International Linkages of the Euro Area: A Global VAR Analysis," IEPR Working Papers 04.6, Institute of Economic Policy Research (IEPR).
- Stephane Dees & Filippo di Mauro & M. Hashem Pesaran & L. Vanessa Smith, 2006. "Exploring the International Linkages of the Euro Area: a Global VAR Analysis," Computing in Economics and Finance 2006 47, Society for Computational Economics.
- Dées, Stéphane & di Mauro, Filippo & Pesaran, Hashem & Smith, Vanessa, 2005. "Exploring the international linkages of the euro area: a global VAR analysis," Working Paper Series 568, European Central Bank.
- Stephane Dees & Filippo di Mauro & M. Hashem Pesaran & L. Vanessa Smith, 2005. "Exploring the International Linkages of the Euro Area: a Global VAR Analysis," CESifo Working Paper Series 1425, CESifo.
- Dees, S. & di Mauro, F. & Pesaran, M.H. & Smith, L.V., 2005. "Exploring the International Linkages of the Euro Area: a Global VAR Analysis," Cambridge Working Papers in Economics 0518, Faculty of Economics, University of Cambridge.
- Gerlach, Stefan & Svensson, Lars E. O., 2003.
"Money and inflation in the euro area: A case for monetary indicators?,"
Journal of Monetary Economics, Elsevier, vol. 50(8), pages 1649-1672, November.
- Stefan Gerlach & Lars E.O. Svensson, 2000. "Money and Inflation in the Euro Area: A Case for Monetary Indicators?," NBER Working Papers 8025, National Bureau of Economic Research, Inc.
- Svensson, Lars E.O. & Gerlach, Stefan, 2002. "Money and Inflation in the Euro-Area: A Case for Monetary Indicators?," CEPR Discussion Papers 3392, C.E.P.R. Discussion Papers.
- Lars E.O. Svensson & Stefan Gerlach, 2001. "Money and inflation in the Euro Area: A case for monetary indicators?," BIS Working Papers 98, Bank for International Settlements.
- James H. Stock & Mark W. Watson, 2003.
"Has the Business Cycle Changed and Why?,"
NBER Chapters, in: NBER Macroeconomics Annual 2002, Volume 17, pages 159-230,
National Bureau of Economic Research, Inc.
- James H. Stock & Mark W. Watson, 2002. "Has the Business Cycle Changed and Why?," NBER Working Papers 9127, National Bureau of Economic Research, Inc.
- James H. Stock & Mark W. Watson, 2003. "Has the business cycle changed?," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 9-56.
- John B. Taylor, 1999. "Monetary Policy Rules," NBER Books, National Bureau of Economic Research, Inc, number tayl99-1, June.
- Razin, Assaf & Yuen, Chi-Wa, 2002.
"The 'New Keynesian' Phillips curve: closed economy versus open economy,"
Economics Letters, Elsevier, vol. 75(1), pages 1-9, March.
- Razin, Assaf & Yuen, Chi-Wa, 2001. "The 'New Keynesian' Phillips Curve: Closed Economy versus Open Economy," CEPR Discussion Papers 3083, C.E.P.R. Discussion Papers.
- Alan Greenspan, 2005. "The economic outlook: testimony before the Joint Economic Committee, U.S. Congress, June 9, 2005," Speech 114, Board of Governors of the Federal Reserve System (U.S.).
- Alan Greenspan, 2005. "Economic outlook: testimony before the Joint Economic Committee, U.S. Congress, September 3, 2005," Speech 151, Board of Governors of the Federal Reserve System (U.S.).
- James A. Orr, 1994. "Has excess capacity abroad reduced U.S. inflationary pressures?," Quarterly Review, Federal Reserve Bank of New York, vol. 19(Sum), pages 101-106.
- Corvoisier, Sandrine & Mojon, Benoît, 2005. "Breaks in the mean of inflation: how they happen and what to do with them," Working Paper Series 451, European Central Bank.
- Hansen, Bruce E., 1992.
"Testing for parameter instability in linear models,"
Journal of Policy Modeling, Elsevier, vol. 14(4), pages 517-533, August.
- Tom Doan, "undated". "STABTEST: RATS procedure to perform Hansen's stability test for OLS," Statistical Software Components RTS00199, Boston College Department of Economics.
- Claudio E. V. Borio & Andrew Filardo, 2007. "Globalisation and inflation: New cross-country evidence on the global determinants of domestic inflation," BIS Working Papers 227, Bank for International Settlements.
- Nicoletta Batini, 2006.
"Euro area inflation persistence,"
Empirical Economics, Springer, vol. 31(4), pages 977-1002, November.
- Batini, Nicoletta, 2002. "Euro area inflation persistence," Working Paper Series 201, European Central Bank.
- Laurence M. Ball, 2006. "Has Globalization Changed Inflation?," NBER Working Papers 12687, National Bureau of Economic Research, Inc.
- Rapach, David E & Wohar, Mark E, 2005. "Regime Changes in International Real Interest Rates: Are They a Monetary Phenomenon?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(5), pages 887-906, October.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Alessandro Calza, 2008. "Globalisation, domestic inflation and the global output gaps: evidence from the Euro era," Globalization Institute Working Papers 13, Federal Reserve Bank of Dallas.
- Calza, Alessandro, 2008. "Globalisation, domestic inflation and global output gaps: Evidence from the euro area," Working Paper Series 890, European Central Bank.
- Syed Kanwar Abbas, 2018. "Global slack hypothesis: evidence from China, India and Pakistan," Empirical Economics, Springer, vol. 54(2), pages 593-627, March.
- Milani, Fabio, 2012.
"Has Globalization Transformed U.S. Macroeconomic Dynamics?,"
Macroeconomic Dynamics, Cambridge University Press, vol. 16(2), pages 204-229, April.
- Fabio Milani, 2009. "Has Globalization Transformed U.S. Macroeconomic Dynamics?," Working Papers 091001, University of California-Irvine, Department of Economics.
- Fabio Milani, 2009. "Has globalization transformed U.S. macroeconomic dynamics?," Globalization Institute Working Papers 32, Federal Reserve Bank of Dallas.
- Pym Manopimoke, 2015. "Globalization and International Inflation Dynamics: The Role of the Global Output Gap," PIER Discussion Papers 8, Puey Ungphakorn Institute for Economic Research.
- Pym Manopimoke, 2015. "Globalization and International Inflation Dynamics: The Role of the Global Output Gap," PIER Discussion Papers 8., Puey Ungphakorn Institute for Economic Research, revised Nov 2015.
- Fabio Milani, 2009. "The Effect of Global Output on U.S. Inflation and Inflation Expectations: A Structural Estimation," Working Papers 080920, University of California-Irvine, Department of Economics.
- Byrne, Joseph P. & Kaneez, Fatima & Kontonikas, Alexandros, 2010.
"IInflation and Globalisation: A Dynamic Factor Model with Stochastic Volatility,"
SIRE Discussion Papers
2010-05, Scottish Institute for Research in Economics (SIRE).
- Joseph P. Byrne & Fatima Kaneez & Alexandros Kontonikas, 2010. "Inflation and Globalisation: A Dynamic Factor Model with Stochastic Volatility," Working Papers 2010_09, Business School - Economics, University of Glasgow.
- Martínez-García Enrique, 2018.
"Modeling time-variation over the business cycle (1960–2017): an international perspective,"
Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 22(5), pages 1-25, December.
- Enrique Martínez García, 2018. "Modeling Time-Variation Over the Business Cycle (1960-2017): An International Perspective," Globalization Institute Working Papers 348, Federal Reserve Bank of Dallas.
- Kabukçuoğlu, Ayşe & Martínez-García, Enrique, 2018.
"Inflation as a global phenomenon—Some implications for inflation modeling and forecasting,"
Journal of Economic Dynamics and Control, Elsevier, vol. 87(C), pages 46-73.
- Ayse Kabukcuoglu & Enrique Martínez-García, 2015. "Inflation as a Global Phenomenon—Some Implications for Policy Analysis and Forecasting," Koç University-TUSIAD Economic Research Forum Working Papers 1520, Koc University-TUSIAD Economic Research Forum.
- Ayse Kabukcuoglu & Enrique Martínez García, 2016. "Inflation as a global phenomenon - some implications for policy analysis and forecasting," Globalization Institute Working Papers 261, Federal Reserve Bank of Dallas.
- Alexander Mihailov & Fabio Rumler & Johann Scharler, 2011.
"The Small Open-Economy New Keynesian Phillips Curve: Empirical Evidence and Implied Inflation Dynamics,"
Open Economies Review, Springer, vol. 22(2), pages 317-337, April.
- Alexander Mihailov & Fabio Rumler & Johann Scharler, 2008. "The Small Open-Economy New Keynesian Phillips Curve: Empirical Evidence and Implied Inflation Dynamics," Economics Discussion Papers em-dp2008-63, Department of Economics, University of Reading.
- Alexander Mihailov & Fabio Rumler & Johann Scharler, 2008. "The Small Open-Economy New Keynesian Phillips Curve: Empirical Evidence and Implied Inflation Dynamics," Economics working papers 2008-17, Department of Economics, Johannes Kepler University Linz, Austria.
- Milani, Fabio, 2010.
"Global slack and domestic inflation rates: A structural investigation for G-7 countries,"
Journal of Macroeconomics, Elsevier, vol. 32(4), pages 968-981, December.
- Fabio Milani, 2009. "Global Slack and Domestic Inflation Rates: A Structural Investigation for G-7 Countries," Working Papers 080919, University of California-Irvine, Department of Economics.
- Fabio Milani, 2009. "Global slack and domestic inflation rates: a structural investigation for G-7 countries," Globalization Institute Working Papers 33, Federal Reserve Bank of Dallas.
- Stephen G. Cecchetti & Peter Hooper & Bruce C. Kasman & Kermit L. Schoenholtz & Mark W. Watson, 2007. "Understanding the Evolving the Evolving Inflation Process," Working Papers 2007-4, Princeton University. Economics Department..
- Georgios P. Kouretas & Mark E. Wohar, 2012.
"The dynamics of inflation: a study of a large number of countries,"
Applied Economics, Taylor & Francis Journals, vol. 44(16), pages 2001-2026, June.
- Georgios KOURETAS & Mark E. WOHAR, 2010. "The Dynamics of Inflation: A Study of a Large Number of Countries," EcoMod2010 259600096, EcoMod.
- Hans KREMERS & Andreas LOESCHEL, 2010. "The Strategic Implications of Setting Border Tax Adjustments," EcoMod2010 259600097, EcoMod.
- Sekine, Toshitaka, 2009.
"Another look at global disinflation,"
Journal of the Japanese and International Economies, Elsevier, vol. 23(2), pages 220-239, June.
- Toshitaka Sekine, 2009. "Another Look at Global Disinflation," NBER Chapters, in: Financial Globalization, 20th Anniversary Conference, NBER-TCER-CEPR, National Bureau of Economic Research, Inc.
- Toshitaka Sekine, 2009. "Another look at global disinflation," BIS Working Papers 283, Bank for International Settlements.
- Eijffinger, S.C.W. & Qian, Z., 2010.
"Globalization and the Output-Inflation Tradeoff : New Time Series Evidence,"
Discussion Paper
2010-27, Tilburg University, Center for Economic Research.
- Eijffinger, S.C.W. & Qian, Z., 2010. "Globalization and the Output-Inflation Tradeoff : New Time Series Evidence," Other publications TiSEM f4bfa96e-e080-4bb4-9714-c, Tilburg University, School of Economics and Management.
- Eijffinger, Sylvester & Qian, Zongxin, 2010. "Globalization and the Output-inflation Tradeoff: New Time Series Evidence," CEPR Discussion Papers 7718, C.E.P.R. Discussion Papers.
- Eijffinger, S.C.W. & Qian, Z., 2010. "Globalization and the Output-Inflation Tradeoff : New Time Series Evidence," Other publications TiSEM 5cc49c62-5233-4471-8d7a-0, Tilburg University, School of Economics and Management.
- Marzinotto, Benedicta, 2009. "Beyond monetary credibility: The impact of globalisation on the output-inflation trade-off in euro-area countries," The North American Journal of Economics and Finance, Elsevier, vol. 20(2), pages 162-176, August.
- Sandra Eickmeier & Katharina Pijnenburg, 2013.
"The Global Dimension of Inflation – Evidence from Factor-Augmented Phillips Curves,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 75(1), pages 103-122, February.
- Eickmeier, Sandra & Moll, Katharina, 2008. "The global dimension of inflation: evidence from factor-augmented Phillips curves," Discussion Paper Series 1: Economic Studies 2008,16, Deutsche Bundesbank.
- Eickmeier, Sandra & Moll, Katharina, 2009. "The global dimension of inflation - evidence from factor-augmented Phillips curves," Working Paper Series 1011, European Central Bank.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:intfin:v:12:y:2009:i:3:p:301-320. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1367-0271 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.