Macroeconomic performance in a globalising economy / edited by Robert Anderton, Geoff Kenny.

" 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"-- Publisher.

1. Globalisation and macroeconomic performance / Robert Anderton and Geoff Kenny -- 2. The impact of globalisation on the euro area macroeconomy / Robert Anderton and Paul Hiebert -- 3. Trade and foreign direct investment in business services: a modeling approach / James R. Markusen -- 4. Entry dynamics and the decline in exchange-rate pass-through / Christopher Gust, Silvain Leduc and Robert J. Vigfusson -- 5. Does the exchange rate belong in monetary policy rules? New answers from a DSGE model with endogenous tradability and trade frictions / Michael Kumhof, Douglas Laxton and Kanda Naknoi -- 6. Globalisation and inflation in the OECD economies / Isabell Koske, Nigel Pain and Marte Sollie -- 7. Globalisation and euro area prices and labour markets: some evidence on the impact of low-cost countries / Gabor Pula and Frauke Skudelny -- 8. Monetary policy strategy in a global environment / Philippe Moutot and Giovanni Vitale -- 9. Monetary policy in a global economy: past and future research challenges/ John B. Taylor.