This paper studies the relation between inflation and economic development. The literature
is largely silent regarding both the theoretical and empirical perspectives that undeveloped …

This paper evaluates the hypothesis that globalization has increased the role of international
factors and decreased the role of domestic factors in the inflation process in industrial …

Since the 1990s inflation targeting (IT) has been adopted by several central banks as a
strategy for monetary policy. It is expected that the adoption of this monetary regime can …

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 …

The Bhagwati hypothesis predicts a growth enhancing effects of trade (exports) and foreign
direct investment (FDI) interaction. This paper tests the validity of the Bhagwati hypothesis by …

The purpose of this paper is to test the hypothesis first documented by Romer (1993), that
inflation is lower in more open economies. According to this hypothesis, central banks have …

Abstract According to the Globalization Hypothesis, global economic slack should
progressively replace the domestic output gap in driving inflation as globalization increases …

This study examines, through a panel data analysis for 114 developing countries, the
exchange rate pass-through on inflation and on its volatility and, in particular, how the …

Up until the 1980s, studies on corruption were dominated by disciplines of public
administration and sociology. In the following years, however, economists have also …

This paper tests whether the proposition that globalization has led to greater sensitivity of
domestic inflation to the global output gap (the 'global output gap hypothesis') holds for the …