Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/306556 
Authors: 
Year of Publication: 
2022
Publisher: 
ResearchGate, Berlin
Abstract: 
I examine how globalization affects monetary policy, focusing on the labor market, imported inflation, and international spillovers by exploring the flattening of the Phillips Curve, where the traditional link between inflation and unemployment has weakened, potentially allowing central banks to pursue more accommodative policies. I also analyze how global integration complicates taming inflation and investigate how central banks’ policies impact other economies. By integrating empirical evidence and theoretical perspectives, this study provides insights into central banks’ evolving challenges in a globalized economy, offering implications for policy adjustments in response to global economic dynamics.
Subjects: 
Globalization
unconventional monetary policy,
Philips curve flattening
inflation dynamics
JEL: 
E52
E42
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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