Globalization and Inflation Dynamics: the Impact of Increased Competition

Argia M. Sbordone

NBER Working Paper No. 13556
Issued in October 2007

---- Acknowledgments ----

Prepared for the NBER Conference on International Dimensions of Monetary Policy held in Girona, Spain, on June 11-13, 2007. I thank Mike Woodford for inspiration and for long conversations, my discussant Tommaso Monacelli and all the Conference participants for their comments, and Krishna Rao for excellent research assistance. The views expressed in this paper do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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