Showing 1 - 10 of 93
This paper examines the exchange rate pass-through to yen based manufactured import prices of Japan using asymmetric unit root and cointegration tests and asymmetric models. Due to sticky prices, for example, there are reasons to believe that the degree of pass-through depends on whether the...
Persistent link: https://www.econbiz.de/10005124902
-through is more stronger in wholesale price index (WPI) relative to consumers price index (CPI); (3) the impact of pass …
Persistent link: https://www.econbiz.de/10005125025
This paper analyzes how imperfect exchange rate pass-through affects the transmission of the CPI inflation targeting … of the real exchange rate for a subset of strict CPI inflation targeting cases and for flexible CPI inflation targeting …. Furthermore, there exists an inverse relation between the pass-through and the insulation of CPI inflation from foreign shocks …
Persistent link: https://www.econbiz.de/10005126184
-through is more stronger in wholesale price index (WPI) relative to consumers price index (CPI); (3) the impact of pass …
Persistent link: https://www.econbiz.de/10005412840
This paper examines a two-country new open economy macroeconomics model with price stickiness a la Taylor, where …
Persistent link: https://www.econbiz.de/10005556655
Factor-endowment based trade with the leading economy helps to explain the differing development performances of the Americas and East Asia in the past two centuries. Between 1830 and 1945, labor-abundant Britain, the most advanced country, traded heavily with land-abundant countries in the...
Persistent link: https://www.econbiz.de/10005062412
beneficiaries of relative price changes further complicates the assessment, since they can be less environmentally damaging than …
Persistent link: https://www.econbiz.de/10005062475
East Asian nations are currently undertaking the future development of an economic community by creating a viable framework for closer cooperation and deeper integration. However, the intractable problem is that there are a lot of diversities and heterogeneity that have prevented the East Asian...
Persistent link: https://www.econbiz.de/10005408050
Although most CIS and East Asian countries are de jure classified as free floaters, they de facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of short-term and long-term payment flows as reasons for exchange rate stabilization. Based on the analysis of ifcompetitive...
Persistent link: https://www.econbiz.de/10005556605
This paper shows that many East Asian firms are significantly exposed to foreign exchange risk. Their exposure appears to be much more widespread than is typical for the large, western industrialized economies. The paper also shows that exchange rate pegs appear to do little to alleviate this...
Persistent link: https://www.econbiz.de/10005556652