Openness per se requires optimal monetary policy to deviate from the canonical closed-economy principle of domestic … model to include imported inputs of production. Production openness strengthens even further the incentive for the … policymaker to deviate from strict domestic price stability. With both consumption and production openness variations in the world …

trade openness, and we seek support for a causal interpretation of this result in instrumental variable specifications. …

the late 1950s, the Cultural Revolution of the late 1960s and the 1970s, and finally the period of openness and global … value, the degree of centralization, and the degree of openness. Inequality has increased alongside spectacular performance …

corruption on wealth depends on the economy’s degree of openness using cross-country data. …

markups. Using disaggregated data for EU manufacturing over the period 1988-2000 we find increased openness exerts a negative … and significant impact on sectoral prices. Increased openness lowers prices by both reducing markups and raising … productivity. In response to an increase in openness, markups show a steep short run decline, which partly reverses later, while …

has a positive and significant impact on a country’s level of openness. Domestic tariffs have no statistically significant …

paper we use the cross-country and time-series variation in openness to study the relationship between trade and finance in … more detail. Our results suggest that increases in goods market openness are typically followed by sustained increases in …