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Working Paper
Cross-border Patenting, Globalization, and Development
Martinez-Zarzoso, Immaculada; LaBelle, Jesse; Yotov, Yoto; Santacreu, Ana Maria (2024-01)
We build a stylized model that captures the relationships between cross-border patenting, globalization, and development. Our theory delivers a gravity equation for cross-border patents. To test the model’s predictions, we compile a new dataset that tracks patents within and between countries and industries, for 1980-2019. The econometric analysis reveals a strong, positive impact of policy and globalization on cross-border patent flows, especially from North to South. A counterfactual welfare analysis suggests that the increase in patent flows from North to South has benefited both ...
Working Papers , Paper 2023-031

Conference Paper
Impact of globalization on monetary policy : commentary
Bean, Charles R. (2006)
Proceedings - Economic Policy Symposium - Jackson Hole

Journal Article
Globalizing Texas: direct investment and business cycles
Kumar, Anil (2007-11)
Hundreds of foreign companies, employing almost 400,000 workers, have put down roots in Texas. The highest concentration of jobs is in manufacturing, but more foreign firms are finding their way into services. ; Early this decade, Texas exceeded the nation in attracting foreign direct investment (FDI) assets, but the state has since lost its edge. Its FDI-related employment as a share of overall jobs ranks in the middle of the pack. ; In the September/October issue of> Southwest Economy, an article on globalizing Texas focused on export growth and related employment, including jobs in high ...
Southwest Economy , Issue Nov , Pages 11-13

Conference Paper
Globalization and Mexican labor markets
Robertson, Raymond (2006)
North American economic integration has had potentially positive implications for Mexican workers, and the perceived competition between Mexican and U.S. workers may not be as accurate as popularly believed. However, the net gains from integration may overshadow important losses for many workers. These losses explain persistent popular opposition to NAFTA and economic integration. ; Three main policy recommendations emerge from these studies. First, Mexico would continue to benefit, on net, from increased economic integration. Second, to the extent possible, Mexico should work to reduce ...
Proceedings

Journal Article
Globalization Remains a Force Despite Pandemic, Political Strains
Weiss, Michael (2022)
Pol Antràs is the Robert G. Ory Professor of Economics at Harvard University. He discusses international trade flows and whether evidence indicates that the world economy has entered an era of deglobalization.
Southwest Economy , Issue Third Quarter

Conference Paper
Impact of globalization on monetary policy
Rogoff, Kenneth S. (2006)
Proceedings - Economic Policy Symposium - Jackson Hole

Speech
Globalization and monetary policy
Bernanke, Ben S. (2007)
a speech at the Fourth Economic Summit, Stanford Institute for Economic Policy Research, Stanford, California
Speech , Paper 262

Working Paper
Global Inflation, Regional Factors
Sheremirov, Viacheslav; Stein, Hillary (2025-08-01)
This paper shows that global inflation dynamics have a sizable regional component. Using a balanced panel of 61 countries that starts in 1970, we document that while the global factor, defined as the dominant principal component, explains a large portion of inflation variation in advanced economies, a model with only one principal component is less successful for developing countries. By contrast, a hierarchical dynamic factor model, which includes a global (unconstrained) factor and regional (restricted) factors, performs substantially better for emerging market and developing economies. The ...
Working Papers , Paper 25-6

Speech
Coping with globalization's impact on monetary policy
Fisher, Richard W. (2006)
Remarks for the National Association for Business Economics Panel Discussion at the 2006 Allied Social Science Associations Meeting, Boston, Massachusetts, January 6, 2006 ; "By spurring productivity and fomenting tectonic economic changes, globalization has acted as a tailwind for the Fed's--and other central banks'--efforts to hold down inflation. I believe the Federal Reserve has been able to contain inflation with faster growth than would have been possible in the absence of globalization. In short, globalization has made the Fed's job easier over the past few years">
Speeches and Essays , Paper 82

Journal Article
Global risks to U.S. monetary policy
Humpage, Owen F. (2007-05)
We recently invited four international economists to the Federal Reserve Bank of Cleveland to discuss global developments and to help us identify and understand the key international risks that these developments present for U.S. monetary policy. This Commentary develops a key macroeconomic concern that emerged from our conversations.
Economic Commentary , Issue May

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