The main objective of this study is to examine the empirical relationship between inflation and economic growth in Bangladesh for the time period 1976 to 2011. In this study we use Vector Auto-regression (VAR) methodology to investigate the linkage between inflation and economic growth; trade openness and economic growth; and remittances and economic growth in Bangladesh. The major findings of ...

This paper deals with a critical assessment and a reestimation of the “non–accelerating inflation rate of unemployment” (NAIRU) for Germany. There are quite a few obstacles to perceiving the NAIRU as an understandable and easy–to–use analytical instrument, suitable for economic policy: the possibility of a non–vertical Phillips curve (e.g. in times of low inflation), the occurrence of shocks an...

Purpose – Since the 1960s, the affluent democracies have experienced substantial changes in earnings inequality at the same time as heightening economic globalization. This paper investigates the relationship between these two processes. Methodology/Approach – I use fixed-effects models, and comprehensive measures of globalization and earnings inequality to scrutinize the relationship between t...

Temple (2002) empirically challenges Romer’s (1993) negative opennessinflation relation on empirical grounds. This article links economic openness to the slopes of aggregate supply (AS) and aggregate demand (AD) to explain why the openness-inflation relation can be ambiguous. Starting with a widely used assumption initiated by Romer (1993) that more open economies face greater output inflation ...

Against the background of large fluctuations in world commodity prices and global growth, combined with ongoing structural changes relating to globalization, this paper examines some of the key factors affecting global inflation. The paper empirically investigates various relative price and structural impacts on global inflation by: estimating a GVAR to examine how oil price shocks feed through...

Measurement of Globalization and Its Variations Among Countries, Regions and Over Time The process of globalization is an international economic order which has led to the progressive integration of the world economy through the pulling the barrier of trade and greater mobility of factors of production. In addition the technological innovation also provides impetus to the progressive integratio...

This paper studies an advantage of commitment over discretion when a central bank observes only noisy measures of current inflation and output, in the context of an optimizing model with nominal-price stickiness. Under a commitment regime, if current policy turns out to be too expansionary (contractionary) because of the bank’s information problem, subsequent policies should be slightly contrac...

In this paper the long-run trend in CPI inflation (core inflation) for the US over the 1960– 2000 period is estimated using a common trends model. In this framework, core inflation is interpreted and constructed as the long-run forecast of inflation conditional on the information contained in nominal money growth, output fluctuations and movements in the oil price. Unlike other commonly used me...

The aim of this study is to examine the nonlinear effects of fiscal and monetary policies on inflation during 1990:3 to 2013:1 based on threshold model. First lag of the liquidity growth is recognized as threshold variable with threshold value estimated at 6.37 percent. In low liquidity growth, the results indicate that inflation expectations and the lagged liquidity growth are the most importa...

this research uses econometrics techniques to study significant correlation between poverty and globalization of economy and investigate mechanisms influence of globalization on poverty in the economy during the period 1984-2004. in this context, the estimated three models discussed. in the form of a model for a significant correlation between poverty and globalization of the economy - causal r...