Series: IMF Working Papers
Author(s): Ashoka Mody , and Franziska Ohnsorge
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2007
Keywords: Price convergence, Maastricht criterion, Euro adoption, monetary policy, price level, inflation rates, inflation rate,
Globalization operates not only by reducing domestic pressures on inflation but also by reducing the scope of domestic authorities to influence the pace of inflation. First, as markets are integrated, the common, c...