Deglobalization and Trade Fragmentation: Implications for the Inflation-Output Trade-Off

2026

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This paper analyzes how deglobalization and trade fragmentation impact the inflation-output trade-off for Canada and assesses the adequacy of the Bank of Canada's monetary policy framework.

* Examines the shift from hyperglobalization to deglobalization and its drivers.
* Reviews empirical evidence on the macroeconomic effects of protectionism and trade fragmentation.
* Models the implications of trade shocks for Canada's inflation-output trade-off and monetary policy response.

Tags: deglobalization, trade fragmentation, inflation, output, monetary policy

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