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The process of globalisation has been ongoing for centuries, but few would doubt that it has accelerated and intensified in recent decades. This acceleration is evidenced as much by the strong synchronicity in the rapid transmission of financial crises starting in late 2007 as it is by the decade of almost unprecedented growth in international trade and financial market liberalisation that preceded it. This book shows how the international economy has become more connected via increased production, trade, capital flows and financial linkages. Using a variety of methodologies, including both panel econometrics and DSGE modelling, a team of experts from academia, central banks and the IMF examine how this increased globalisation has affected competitiveness, productivity, inflation and the labour market. This timely contribution to the globalisation literature provides a longer-term perspective while also evaluating some of the potential implications for policy makers, particularly from a European perspective.

Globalization --- International economic relations --- International finance --- International trade --- Macroeconomics --- Monetary policy --- 382 --- 332.691 --- 333.841 --- 333.846.0 --- 338.023 --- 380.23 --- 382.11 --- AA / International- internationaal --- EUR / Europe - Europa --- Economics --- Monetary management --- Economic policy --- Currency boards --- Money supply --- International monetary system --- International money --- Finance --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- External trade --- Foreign commerce --- Foreign trade --- Global commerce --- Global trade --- Trade, International --- World trade --- Commerce --- Non-traded goods --- Economic aspects --- Evolutie van de arbeidsmarkt --- Inflatie --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Arbeidsproductiviteit --- Vorming van internationale prijzen. Internationale gelijkheden en verschillen. Concurrentievermogen --- Theorie van het internationale evenwicht. Economische onafhankelijkheid van een natie. Globalisering. Mondialisering --- International trade. --- International economic relations. --- International finance. --- Monetary policy. --- Macroeconomics. --- Economic aspects. --- Business, Economy and Management