Showing 1 - 10 of 22
The wine market is a pretty paradoxical research object for the economical and marketing studies. In France alone, every year, hundreds of thousands of new brand differentiated products are marketed. How can so many brands survive to any rationalization process? One could think this situation to...
Persistent link: https://www.econbiz.de/10009363784
In an information transmission situation, a senders concern for its credibility could endow itself with an invisible … power to control the detected. In this case, the sender can achieve its favored outcome without losing its credibility … its credibility could result in less truthful signals from the sender and worse payoffs to the receiver. This is the …
Persistent link: https://www.econbiz.de/10009365389
Throughout Pakistans history, policy has sought to promote exports through government support and incentives. The government machinery is geared to export promotion especially through direct and indirect subsidies. Surprisingly, these policies have been continued without serious examination....
Persistent link: https://www.econbiz.de/10009363429
This paper analyzes the validity of macroeconomic variables, such as exchange rate uncertainty, macroeconomic instability, and openness, in determining intra-FDI inflows in the ASEAN countries, China, Japan, and Korea. Our empirical results show that openness, exchange rates, exchange rate...
Persistent link: https://www.econbiz.de/10009363447
the reason why managed floating has been successful in Singapore has been because the credibility of monetary policy has …
Persistent link: https://www.econbiz.de/10009363596
This paper sets up a canonical new Keynesian small open economy model with nominal price rigidities to explore the impact of habit persistence and exchange rate pass-through on the welfare ranking of alternative monetary policy rules. It identifies three factors that can affect the welfare...
Persistent link: https://www.econbiz.de/10009363905
In a simple open EME macromodel, calibrated to the typical institutions and shocks of a densely populated emerging market economy, a monetary stimulus preceding a temporary supply shock can lower interest rates, raise output, appreciate exchange rates, and lower inflation. Simulations generalize...
Persistent link: https://www.econbiz.de/10009363977
Chinas large current account surpluses not only destabilize its macroeconomic conditions but also are also at the center of global rebalancing. The literature offered five explanations for such surpluses, most of which are important but fail to account for the recent surge and/or offer...
Persistent link: https://www.econbiz.de/10009363979
In the aftermath of the Asian financial crisis, the issue of the choice of exchange rate regime for East Asian (EA) countries re-emerged. The crisis had demonstrated, amongst other things, that unilateral exchange rate regimes (including de facto dollar pegging) hadnt coped very well in the...
Persistent link: https://www.econbiz.de/10009363989
In 2005, China abated its fixed exchange rate against the U.S. dollar and began to appreciate the Renminbi (RMB). In this paper, I explore the effect of the appreciation of the RMB on imports to the U.S. from China by augmenting the gravity model with the exchange rate. Using an industrial panel...
Persistent link: https://www.econbiz.de/10009365113