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Real Exchange Rate Movements and the Relative Price of Non-traded Goods

Betts, Caroline M. - 2008

We study the quarterly bilateral real exchange rate and the relative price of non-traded to traded goods for 1225 country pairs over 1980-2005. We show that the two variables are positively correlated, but that movements in the relative price measure are smaller than those in the real exchange...

Persistent link: https://www.econbiz.de/10012464210

Boom-Bust Cycles in Middle Income Countries : Facts and Explanation

Tornell, Aaron - 2002

nontradables (N) sector grows faster than the tradables (T) sector. Meanwhile, the opposite is true in the aftermath of crisis. We …

Persistent link: https://www.econbiz.de/10012469490

Heterogeneous Frictional Costs Across Industries in Cross-border Mergers and Acquisitions

Blonigen, Bruce A. - 2016

While there has been significant research to explore the determinants (and frictions) of foreign direct investment (FDI …

Persistent link: https://www.econbiz.de/10012456133

Trade and Workforce Changeover in Brazil

Muendler, Marc-Andreas - 2007

Linked employer-employee data for Brazil over a period of large-scale trade liberalization document two salient workforce changeovers. Within the traded-goods sector, there is a marked occupation downgrading and a simultaneous education upgrading by which employers fill expanding low-skill...

Persistent link: https://www.econbiz.de/10012465676

Tariff Incidence in America's Gilded Age

Irwin, Douglas A. - 2006

In the late nineteenth century, the United States imposed high tariffs to protect domestic manufacturers from foreign competition. This paper examines the magnitude of protection given to import-competing producers and the costs imposed on export-oriented producers by focusing on changes in the...

Persistent link: https://www.econbiz.de/10012466532

An Alternative Interpretation of the 'Resource Curse' : Theory and Policy Implications

Hausmann, Ricardo - 2003

between two building blocks: specialization in non-tradables and financial market imperfections. We show that if a country has … generates significant volatility in the demand for non-tradables. However, when the non-resource tradable sector disappears, the … economy becomes much more volatile, because shocks to the demand for non-tradables - possibly associated with shocks to …

Persistent link: https://www.econbiz.de/10012469279

Exchange Rate Pass-Through, Monetary Policy, and Real Exchange Rates : Iceland and the 2008 Crisis

Edwards, Sebastian; Cabezas, Luis - National Bureau of Economic Research - 2021

We use detailed data for Iceland to examine two often-neglected aspects of the "exchange rate pass-through" problem. First, we investigate whether the pass-through coefficient varies with the degree of "international tradability" of goods. Second, we analyze if the pass-through coefficient...

Persistent link: https://www.econbiz.de/10012496073

Revisiting the Commodity Curse : A Financial Perspective

Alberola, Enrique - 2017

the world technology frontier. Financial openness by stimulating current demand, amplifies the crowding out effect and may …

Persistent link: https://www.econbiz.de/10012455495

Traded and Nontraded Goods Prices, and International Risk Sharing : an Empirical Investigation

Corsetti, Giancarlo - 2011

Accounting for the pervasive evidence of limited international risk sharing is an important hurdle for open-economy models, especially when these are adopted in the analysis of policy trade-offs likely to be affected by imperfections in financial markets. Key to the literature is the evidence,...

Persistent link: https://www.econbiz.de/10012461156

Saving and Investment in an Open Economy with Non-Traded Goods

Engel, Charles - 1987

, investment in capital goods and a non-traded good. Such an environment is rich enough to explain several phenomena that are … inexplicable in more barren models. We suggest an explanation of why saving and investment may be correlated even with no … restrictions on trade in assets. We explain why a high saving country may nonetheless borrow from abroad to finance investment. We …

Persistent link: https://www.econbiz.de/10012476928

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