Does Globalization Weaken Monetary Policy?

Does Globalization Weaken Monetary Policy? | NBER

Although globalization certainly poses new challenges, central banks large and small still retain considerable power to keep inflation in check.

Globalization and Monetary Policy - Federal Reserve Board

Globalization has not materially affected the ability of the Federal Reserve to influence financial conditions in the United States, nor has it ...

Impact of Globalization on Monetary Policy

This is true despite the fact that, through both goods and asset price arbitrage, globalization is weaken- ing the grip of individual central banks over the ...

Financial globalisation and monetary policy effectiveness - CEPR

In theory, financial globalisation has ambiguous effects on monetary policy. It may dampen effectiveness, but it may also amplify it through ...

Impact of Globalization on Monetary Policy

This is true despite the fact that, through both goods and asset price arbitrage, globalization is weakening the grip of individual central.

Globalization and Monetary Control

In this paper, I consider three possible mechanisms through which it might be feared that globalization can undermine the ability of monetary policy to control ...

Financial globalisation and monetary policy effectiveness

In theory financial globalisation has an ambiguous effect on monetary policy effectiveness. On the one hand, exposure to global financial cycles dampens the ...

Globalisation and monetary policy - European Central Bank

However, globalisation also shapes the transmission of monetary policy. From a conceptual perspective, monetary policy spillovers propagate via ...

Implications of Globalization for Monetary Policy - WP/01/184

Section II analyzes a channel of influence on monetary policy, which is ... surprisingly - does not necessarily strengthen the inflation-reducing effect of ...

Globalization, Macroeconomic Performance, and Monetary Policy

It is thus of concern to monetary policy makers because it can affect both output volatility and our forecasts of the economy. Globalization may ...

Globalisation: What's at stake for central banks - CEPR

In terms of monetary policy transmission, it is also often argued that globalisation weakens central banks' control over domestic financing ...

Monetary policy independence in an era of financial globalization

A positive co-movement between the domestic policy rate and the foreign interest rate does not indicate lack of monetary policy independence but is an outcome ...

Globalisation and its implications for inflation in advanced economies

However, available estimates suggest that this effect is economically small, and the article concludes that globalisation does not appear to be a key ...

The Global Economy: A Delicate Moment

These policy responses have helped reverse the tightening of financial conditions to varying degrees across countries. Emerging markets have ...

Coping with Globalization's Impact on Monetary Policy - Dallasfed.org

Keeping inflation in check is a central bank's sacred mission. By spurring productivity and fomenting tectonic economic changes, globalization ...

Impact of Globalization on Monetary Policy | Kenneth Rogoff

Rogoff, Kenneth. 2007. “Impact of Globalization on Monetary Policy.” The New Economic Geography: Effects and Policy Implications, 265-305.

Effects of Globalization on National Monetary Policy - ResearchGate

role of central bank money will certainly be reduced when globalization increases. ... transmission mechanism of monetary impulses to the economy becomes weaker.

Is globalisation reducing the ability of central banks to control inflation?

The acceleration in globalisation has mainly taken three forms that could affect inflation dynamics and monetary policy: trade integration, ...

Globalization and monetary policy comovement - ScienceDirect.com

Bernanke (2007) discusses that financial integration is more likely to impact transmission of monetary policy (via weakening effect of domestic monetary policy ...

Trilemmas and trade-offs: living with financial globalisation

Thus, US monetary policy is passively imported, in accord with the monetary trilemma. More generally, exchange rate flexibility of various types and degrees ...