G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7718
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
URLhttps://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.
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