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We investigate theoretically and empirically the competitive effects of increased trade on prices, productivity and … bias of monetary policy. Our results suggest that increased trade could account for as much as a quarter of European …
Persistent link: https://www.econbiz.de/10005667140
We investigate the effect of credit constraints on the growth of exports at the micro level. We develop a stylized dynamic model showing that credit constraints play a key role in early stages of exporting, but not in later stages. Our empirical results using product level data on exports to 12...
Persistent link: https://www.econbiz.de/10011048597
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We study the implications for international relative prices of a simple Ricardian model of international trade with … trade costs and imperfect competition with variable markups are needed to account for pricing-to-market at the firm and … aggregate levels. We also show that international trade costs are essential, but pricing-to-market is not, to account for a high …
Persistent link: https://www.econbiz.de/10005084644
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Fixed transaction costs and delivery lags are important costs of international trade. These costs lead firms to import … to a sudden, large increase in the relative price of imported goods creates a short-term trade implosion, an immediate …
Persistent link: https://www.econbiz.de/10005718485
Between 1992 and 2002, the Japanese Import Price Index registered a decline of almost 9 percent and Japan entered a period of deflation. We show that much of the correlation between import prices and domestic prices was due to formula biases. Had the IPI been computed using a pure Laspeyres...
Persistent link: https://www.econbiz.de/10005828547
general equilibrium model of international trade with heterogeneous firms and non-homothetic consumer preferences that …
Persistent link: https://www.econbiz.de/10008548812