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When the exchange rate fluctuates and the market exhibits hysteresis, planning horizons of domestic and foreign competitors will matter in determining pass-through as well as relative market shares of these firms. Using the Cournot duopoly model, it is shown that if the foreign exporter is a...
Persistent link: https://www.econbiz.de/10014396230
Contrary to the arguments of several scholars, we have failed to find either a conclusive theoretical case or clear empirical evidence of an effect, harmful or otherwise, of exchange rate variability (as measured by either short-term volatility or long-run misalignment) on overall levels of...
Persistent link: https://www.econbiz.de/10014396337
manufacturers is compared. Major export industries in Japan have higher productivity growth and lower pass-through coefficients than …
Persistent link: https://www.econbiz.de/10014395791
The parameters of a conventional model of Japan’s current account were found to be stable in the period of the steeply … rising yen between the fourth quarter of 1985 and the end of 1987. This suggests that Japan’s current account has been … that the rise in the yen has already made a substantial contribution to correcting Japan’s external imbalance …
Persistent link: https://www.econbiz.de/10014395784
facilitating the resolution of global imbalances while sustaining robust global growth. China, the euro area, Japan, Saudi Arabia …
Persistent link: https://www.econbiz.de/10014409833
in the United States and Japan. During the 1980s, these taxes encouraged capital flows to the United States both by …
Persistent link: https://www.econbiz.de/10014396441
This paper examines external adjustment in the U.S., Japan and Germany from the perspective of net foreign asset …
Persistent link: https://www.econbiz.de/10014396281
This Selected Issues paper on Sri Lanka underlies the dynamics of growth and external competitiveness. The slowdown in the contribution of sectors that are labor intensive, together with faster growth in sectors that are capital intensive and have higher productivity levels, resulted in total...
Persistent link: https://www.econbiz.de/10014405932
This Selected Issues paper and Statistical Appendix analyzes labor market institutions and reforms for Cyprus. The paper describes the legal and institutional framework of the Cypriot labor market, and discusses the voluntary framework for negotiations, the degree of unionization and the system...
Persistent link: https://www.econbiz.de/10014405993
This Selected Issues paper on Burundi highlights that after the Arusha Peace Agreement in 2000 Burundi has faced a wide range of challenges to generate sustained and equitable economic growth and improve social conditions. Burundi has begun to stabilize the economy, liberalized the trade and...
Persistent link: https://www.econbiz.de/10014402953