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Globalisation and inflation: Insights from the ECB strategy review

Since the start of the pandemic, inflation has re-entered mainstream discussion. This column reviews the analysis of globalisation and inflation conducted in the context of the ECB strategy review. Although global factors (mainly commodity prices) matter for inflation synchronisation, their role in lowering both inflation and its sensitivity to the business cycle in advanced
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Source: voxeu.org

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Importance of the Bay of Bengal as a Causeway between the Indian and Pacific Oceans

Tariq Karim, Director of the Centre for Bay of Bengal Studies at the Independent University, Bangladesh, explains that “Countries understand better now the stark reality and need for developing intrinsic resilience by creating and establishing value and supply chains domestically, and extending them regionally across borders to countries in their near vicinity.” Additional
Arabian Sea India General United States Andhra Pradesh Tariq Karim Bay Of Bengal Community

The panopticon of Germany's foreign trade: New facts on the first globalisation, 1880–1913

Dennis Novy, Christopher Meissner, David Jacks We are used to distinguishing between the ‘first’ and ‘second’ globalisation, separated not only by two world wars but also by changes in technology and institutions, and hence by their basic economic logic. The first globalisation is typically described in terms of ‘classical’ trade models of comparative advantage, where countries trade to take advantage of their differences. By contrast, the second globalisation is largely described ...
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Source: voxeu.org

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