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The question as to whether the globalisation-related increase in competitive pressure may have caused the importance of exchange rate pass-through and pricing-to-market for export pricing in Germany to shift since the 1990s is addressed by testing the long-run export pricing behaviour of German...
Persistent link: https://www.econbiz.de/10005083076
Since changes in import prices feed into consumer prices and thus might affect monetary policy decisions, policymakers … shifts in the importance of cost passthrough and pricing-to-market for import pricing in Germany that may have ocurred since …) approach is applied to test the import price levels for changes in the impact of their determinants. After aggregating the …
Persistent link: https://www.econbiz.de/10005083109
We discuss how the welfare ranking of fixed and flexible exchange rate regimes in a New Open Economy Macroeconomics model depends on the interplay between the degree of exchange rate pass-through and the elasticity of substitution between home and foreign goods. We identify combinations of these...
Persistent link: https://www.econbiz.de/10005059025
The establishment of European monetary union (EMU) was widely expected to cause price convergence among member states. In an investigation of this claim, the present study avoids problems of comparability and representativeness by using an extremely detailed and comprehensive scanner database on...
Persistent link: https://www.econbiz.de/10005083152
with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the …
Persistent link: https://www.econbiz.de/10010478854
Persistent link: https://www.econbiz.de/10000882741
with problems of measuring inflation in Gerrnany. This paper met with a lively response. The Research Group of the …
Persistent link: https://www.econbiz.de/10010470805
We estimate the low-frequency relationship between fiscal deficits and inflation and pay special attention to its … suggest that the low-frequency relationship between fiscal deficits and inflation is strongly related to the conduct of …
Persistent link: https://www.econbiz.de/10010957092