Globalization and global disinflation

By Kenneth S. Rogoff. 2003

370 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1cd2da88f9a1399bdca8ea9b3f232f6c74eac7fc

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Citations in the corpus

The Deflation Bias and Committing to Being Irresponsible (2006, background): “The assumption that x* 0, therefore, does not seem grossly at odds with the evidence for Japan, and as argued by Rogoff (2003) the great disinflation in the world indicates that the inflation bias may be small (and shrinking) throughout the rest of the world.”
Globalization, macroeconomic performance, and monetary policy: a speech at the Domestic Prices in an Integrated World Economy Conference, Board of Governors of the Federal Reserve System, Washington, D.C., September 27, 2007 (2009, background): “Kenneth Rogoff (2003) argues that globalization has led to greater price flexibility, which has reduced the ability of central banks to use inflation surprises to boost output.”
Shifting sources and uses of profits: sustaining US financialization with global value chains (2008, background): “In a study of the low levels of OECD price inflation over the past twenty years (and even deflation in some cases), Rogoff (2003) notes that US monetary policy � the usual first explanation of inflation trends � has not been so tight but that input costs, including the cost of labour and non-labou”
Understanding the flattening Phillips curve (2010, background): “Perhaps the best-known of these is that of Rogoff (2003) and Rogoff (2006).”
Surfing the Waves of Globalization: Asia and Financial Globalization in the Context of the Trilemma (2010, unknown): “This finding indicates that sterilized interventions would eventually lead to a rise in expected inflation if they are conducted as an effort to maintain monetary independence and 32 Rogoff (2003) argues that globalization contributes to dwindling mark-ups, and therefore, disinflation.”
The emerging global financial architecture: Tracing and evaluating new patterns of the trilemma configuration (2010, background): “Romer (1993), extending the Barro-Gordon (1983) model, theorized and empirically verified that the more open to trade a country becomes, the less motivated its monetary authorities are to inflate, suggesting a negative link between trade openness and inflation.”
Exchange rate regime durability and performance in developing versus advanced economies (2005, unknown): “Sources : Reinhart and Rogoff ( 2003 ) and authors ' estimates .”
Channels and Policy Debate in the Globalization-Inequality-Poverty Nexus (2006, background): “Rogoff (2003) attributes this to a number of factors such as improved central bank institutions and practices, improved fiscal policy, and the technological revolution.”
Central Bank Autonomy: Lessons from Global Trends (2007, unknown): “Aside from these factors, globalization may also have strengthened policymakers’ incentives to conduct prudent monetary policy (Rogoff, 2003).”
One-stop Source: A Global Database of Inflation (2021, background): “The “near-universal” character of disinflation since the mid-1970s was already recognized by Rogoff (2003), but most other studies have focused on advanced economies.”
Price Setting and Inflation Persistence: Did Emu Matter? (2006, unknown): “…in structure due to EMU or it is related to some nonlinearities endogenously generated, for instance, by the same behaviour of the inflation process, which has proved to be largely common not only to EMU countries but also to other OECD countries (e.g. Rogoff, 2003; Ciccarelli and Mojon, 2005).”