Macroeconomic Performance in a Globalising Economy

ISBN-13: 9781316601945 / Angielski / Miękka / 2016 / 300 str.

Frankfurt) Robert Anderton (European Central Bank; Frankfurt) Geoff Kenny (European Central Bank

Opis

Examines how the international economy has become more connected via increased production, trade, capital flows and financial linkages.

Spis treści

List of figures; List of tables; List of contributors; Preface Jürgen Stark; Acknowledgements; 1. Globalisation and macroeconomic performance Robert Anderton and Geoff Kenny; 2. The impact of globalisation on the euro area macroeconomy Robert Anderton and Paul Hiebert; 3. Trade and foreign direct investment in business services: a modeling approach James R. Markusen; 4. Entry dynamics and the decline in exchange-rate pass-through Christopher Gust, Silvain Leduc and Robert J. Vigfusson; 5. Does the exchange rate belong in monetary policy rules? New answers from a DSGE model with endogenous tradability and trade frictions Michael Kumhof, Douglas Laxton and Kanda Naknoi; 6. Globalisation and inflation in the OECD economies Isabell Koske, Nigel Pain and Marte Sollie; 7. Globalisation and euro area prices and labour markets: some evidence on the impact of low-cost countries Gabor Pula and Frauke Skudelny; 8. Monetary policy strategy in a global environment Philippe Moutot and Giovanni Vitale; 9. How globalisation affects euro area adjustment Marco Buti; 10. Monetary policy in a global economy: past and future research challenges John B. Taylor; Index.