TY  - JOUR
AU  - Razin,Assaf
TI  - Globalization and Disinflation: A Note
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10954
PY  - 2004
Y2  - December 2004
UR  - http://www.nber.org/papers/w10954
L1  - http://www.nber.org/papers/w10954.pdf
N1  - Author contact info:
Assaf Razin
Department of Economics
Cornell University
Uris 422
Ithaca, NY 14853
Tel: 607/255-9625
Fax: 607/255-2818
E-Mail: ar256@cornell.edu
AB  - 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.
ER  -