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Year: 2021 Publisher: National Bureau of Economic Research
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Year: 2005 Publisher: Wien ONB
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Year: 2001 Publisher: Frankfurt am Main European Central Bank
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Year: 2002 Publisher: Frankfurt am Main ECB
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Year: 2006 Publisher: Frankfurt am Main ECB
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Year: 2010 Publisher: Cambridge, Mass National Bureau of Economic Research
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An important aspect of the globalization process is the increase in interdependence among countries through the deepening of trade linkages. This process should increase competition in each destination market and change the pricing behavior of firms. We present an extension of Dornbusch (1987)'s model to analyze the extent to which globalization, interpreted as an increase in the number of foreign products in each destination market, modifies the slope and the position of the New-Keynesian aggregate-supply equation and, at the same time, affects the degree of exchange-rate pass-through. We provide empirical evidence that supports the results of our model.
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Year: 2004 Publisher: Frankfurt Am Main European Central Bank.
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Year: 2006 Publisher: London Centre For Economic Policy Research, International Macroeconomics. March 2006
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