@techreport{NBERw10954,
 title = "Globalization and Disinflation: A Note",
 author = "Assaf Razin",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "10954",
 year = "2004",
 month = "December",
 URL = "http://www.nber.org/papers/w10954",
 abstract = {The note analyzes how globalization forces induce monetary authorities, guided in their policies by the welfare criterion of a representative household, to put greater emphasis on reducing the inflation rate than on narrowing the output gaps.},
}