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Pricing to market in international trade: evidence from panel data on automobiles and total merchandise

Gagnon, Joseph E.; Knetter, Michael M. - Federal Reserve Board (Board of Governors of the … - 1990

This paper focuses on price discrimination in international trade that is associated with movements in exchange rates. This phenomenon is referred to as "pricing to market." We find strong evidence of pricing to market for Japanese exports of automobiles. We find moderate evidence of such...

Persistent link: https://www.econbiz.de/10005368412

The usefulness of P* measures for Japan and Germany

Kole, Linda S.; Leahy, Michael P. - Federal Reserve Board (Board of Governors of the … - 1991

This paper develops measures of long-run equilibrium price levels (P*) for Japan and Germany following the approach … in the U.S. case because the velocities of the broad monetary aggregates (M2+CDs in Japan and M3 in Germany) exhibit … money demand to construct measures of equilibrium velocity and P for Japan and Germany. We then assess the explanatory power …

Persistent link: https://www.econbiz.de/10005368454

An empirical analysis of policy coordination in the United States, Japan and Europe

Edison, Hali J.; Tryon, Ralph - Federal Reserve Board (Board of Governors of the … - 1986

Coordination of macroeconomic policy has been a major topic at recent summit meetings, and has been the subject of a number of theoretical studies. However, relatively little empirical research exists on policy coordination. This paper is an attempt to help fill this gap. The paper considers the...

Persistent link: https://www.econbiz.de/10005372624

The term structure of interest rates in the onshore markets of the United States, Germany, and Japan

Popper, Helen - Federal Reserve Board (Board of Governors of the … - 1990

This paper investigates term premia behavior in U.S., German, and Japanese markets. Onshore returns are evaluated in order to focus on the co-movement of the term premia across a set of potentially heterogeneous markets. The paper extends the work of Campbell and Clarida [1987], who find that...

Persistent link: https://www.econbiz.de/10005712706

Sectoral and aggregate shocks to industrial output in Germany, Japan and Canada

Krieger, Reva - Federal Reserve Board (Board of Governors of the … - 1989

Persistent link: https://www.econbiz.de/10005721220

A forward-looking multicountry model: MX3

Gagnon, Joseph E. - Federal Reserve Board (Board of Governors of the … - 1989

model with rational expectations. MX3 is a medium-sized quarterly model of the United States, Japan, and West Germany. The …

Persistent link: https://www.econbiz.de/10005498864