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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
Using domestic and export price data and a framework of markup over cost, pricing behavior of U.S. and Japanese manufacturers is compared. Major export industries in Japan have higher productivity growth and lower pass-through coefficients than American exporters, who tend to price to domestic...
Persistent link: https://www.econbiz.de/10014395791
Persistent link: https://www.econbiz.de/10000543705
-looking monetary policy decisions. The bias is higher for countries whose monetary policy was more independent of Germany …
Persistent link: https://www.econbiz.de/10014400699
Market reaction to a change in official interest rates will depend on the extent to which the change is anticipated, and on how it is interpreted as a signal of future policy. In this paper, a technique is developed to separate the anticipated and unanticipated components of such changes and is...
Persistent link: https://www.econbiz.de/10014400820
Germany. Germany's focus on actual, rather than cyclically adjusted, fiscal goals and outcomes carries the risk of rendering …
Persistent link: https://www.econbiz.de/10014402356
economic environment and policies. Declining labor shares, wage moderation, and employment performance in Germany and the …
Persistent link: https://www.econbiz.de/10014402633
recovery are balanced but the range of forecasts for 2007 is unusually wide. The priority for Germany is to transmit its …
Persistent link: https://www.econbiz.de/10014404567
For more than a decade, growth in Germany has been subdued and uneven. This paper introduces the stylized facts …
Persistent link: https://www.econbiz.de/10014404749
for Germany. It projects that Germany’s potential GDP growth will slow over the coming decade, mainly because of declining … labor input. The paper focuses on a long-term fiscal scenario for Germany based on current policies. The paper also attempts … to construct a preliminary public sector balance sheet for Germany, and analyzes the performance of its nonfinancial …
Persistent link: https://www.econbiz.de/10014404844