| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7718 |
| DP7718 Globalization and the Output-inflation Tradeoff: New Time Series Evidence | |
| Sylvester Eijffinger; Zongxin Qian | |
| 发表日期 | 2010-02-28 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Recent cross-country studies on the globalization and output-inflation tradeoff correlation find openness has no significant effect on OECD countries. Those studies assume parameter constancy across countries. In this paper, we argue that this assumption does not hold for major industrialized countries. Using individual time series analysis, we find the effect of openness on the output-inflation trade off differ in sign and size across countries. In contrast to previous cross-country studies, we find globalization has significantly changed some major industrialized countries? output inflation tradeoff. This has important implications for future theoretical and empirical research. |
| 主题 | International Macroeconomics |
| 关键词 | Openness Output-inflation tradeoff Phillips curve Time inconsistency theory |
| URL | https://cepr.org/publications/dp7718 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536555 |
| 推荐引用方式 GB/T 7714 | Sylvester Eijffinger,Zongxin Qian. DP7718 Globalization and the Output-inflation Tradeoff: New Time Series Evidence. 2010. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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