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Report
Microeconomic Aspects of the Globalization of Inflation: A Joint Conference with the Swiss National Bank
The Globalization and Monetary Policy Institute hosted ?Microeconomic Aspects of the Globalization of Inflation,? a joint conference with the Swiss National Bank on Aug. 19?20 in Zurich. The conference brought together researchers to examine how globalization affects pricing, exploring in greater detail some of the issues raised by Auer and Fischer (2010), as well as to increase understanding of how price dynamics unleashed by globalization affect the measurement of fundamental determinants of improved living standards over time.
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Micro-Foundations of International Trade, Global Imbalances and Implications on Monetary Policy
Researchers from the U.S., Canada and China gathered in Shanghai to explore exchange rates, offshoring and trade policies. Research presented at the conference employed microdata of trade volumes and prices at the firm and product levels, which provide valuable information on crucial global economic issues such as trade imbalances, economic development and wage inequality.
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Toward a Better Understanding of Macroeconomic Interdependence
The concept of a representative foreign economy has no proper justification in the literature, and the consequences of aggregating the rest of the world into one representative economy are not fully understood.
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International Conference on Capital Flows and Safe Assets
From just after the Great Depression until the beginning of the 2007?09 financial crisis, the global financial system was relatively quiet, with no major calamity afflicting advanced economies. Although emerging markets periodically confronted crises, these events were usually limited to a small set of countries that tended to recover quickly. The devastating consequences of the financial crisis caught most policymakers and economists off guard. Policymakers and researchers from the U.S., China and Europe who studied triggers of the crisis gathered to discuss global financial industry ...
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Public Perception of Globalization’s Impact Shapes Trade Realities
History teaches us that perception often matters much more than reality in shaping public opinion. Accordingly, perception is crucial to understanding the outcomes of globalization, from increased free trade and the breakdown of political and economic barriers to technological integration, greater capital flows and worker migration. Ideally, the public?s evaluations are sound and closely reflect reality. Polling data, however, indicate this is often not the case. Misplaced perceptions may profoundly affect the course of globalization policies.
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Dynamic Stochastic General-Equilibrium Modeling: 10th Annual Advances in Econometrics Conference
The Globalization and Monetary Policy Institute and economics department at Southern Methodist University cosponsored the 10th annual Advances in Econometrics Conference in 2011. The conference highlighted progress made in the development of dynamic stochastic general-equilibrium (DSGE) models for use in monetary policy analysis.
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The Federal Reserve’s Role in the Global Economy: A Historical Perspective
he Globalization and Monetary Policy Institute at the Federal Reserve Bank of Dallas sponsored the Bank?s centennial conference analyzing the evolution of the U.S. central bank, from its beginnings 100 years ago to its future influencing global monetary policy. The gathering, held Sept. 18?19 at the Dallas Fed, included the inaugural Robert V. Roosa Memorial Lecture, a conversation with former Federal Reserve Chairman Paul A. Volcker. The conference was organized by Dallas Fed Vice President and Globalization Institute Director Mark A. Wynne and institute senior fellow Michael D. Bordo, a ...
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Five Years of Research on Globalization and Monetary Policy: What Have We Learned?
ive years ago the Federal Reserve Bank of Dallas created the Globalization and Monetary Policy Institute to promote research that would help us better understand the implications of globalization for the conduct of monetary policy in the United States. We are now half a decade into this research program, and the institute?s 2012 annual report is a fitting place to assess what has been accomplished over the past five years.
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The euro and the dollar in the crisis and beyond
The euro has survived its first decade, overcoming questions about its viability and political and economic raison d'tre. ?The Euro and the Dollar in the Crisis and Beyond,? a conference sponsored by Bruegel, the Peterson Institute for International Economics and the Federal Reserve Bank of Dallas, marked the milestone on March 17, 2010, with discussions of Europe?s monetary integration, the euro?s global role relative to the dollar and the currency?s prospects in the aftermath of the 2008?09 global recession.