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Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi
Auer, Raphael - C.E.P.R. Discussion Papers - 2015
pronounced increase of aggregate US producer price inflation. …
Persistent link: https://www.econbiz.de/10011145441
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Trade linkages and the globalisation of inflation in Asia and the Pacific
Auer, Raphael; Mehrotra, Aaron - C.E.P.R. Discussion Papers - 2014
networks. Starting with country-level data, we find that both producer price and consumer price inflation rates move more …
Persistent link: https://www.econbiz.de/10011083958
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Competition, Globalization and the Decline of Inflation
Chen, Natalie; Imbs, Jean; Scott, Andrew - C.E.P.R. Discussion Papers - 2004
restraint caused by greater imports, assuming unchanged monetary policy, can explain a fall in inflation of up to 0.14% per … annum. The most substantial impact on inflation arises, however, from the role of lower markups in reducing the inflation …
Persistent link: https://www.econbiz.de/10005667140
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EMU and Asymmetries and Adjustment Problems in the EMS
Weber, Axel A - C.E.P.R. Discussion Papers - 1990
The paper empirically analyzes asymmetries in the EMS with special reference to their implication for the creation of a monetary union (EMU). Two types of asymmetries are analyzed: those in the form of "German dominance" are detected in the conduct of monetary policies in the EMS, in particular...
Persistent link: https://www.econbiz.de/10005124043
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Problems of Post-CMEA Trade and Payments
Rosati MEP, Dariusz - C.E.P.R. Discussion Papers - 1992
The demise of the CMEA trading system in 1991 and the shift to convertible currency settlements and world market prices was expected to bring about a severe contraction of intra-group trade, coupled with large imbalances in trade between Eastern Europe and the former Soviet Union. The observed...
Persistent link: https://www.econbiz.de/10005136560
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A Multilateral Payments Union for Eastern Europe?
Bofinger, Peter - C.E.P.R. Discussion Papers - 1990
The paper analyzes the role of a multilateral payments union (PU) between East European countries (EEPU) as an intermediate solution in the process to full convertibility. After a description of the main functions of a PU, which is based on the historical model of the European Payments Union, it...
Persistent link: https://www.econbiz.de/10005497971
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Economic Growth and Political Integration: Estimating the Benefits from Membership in the European Union Using the Synthetic Counterfactuals Method
Campos, Nauro F; Coricelli, Fabrizio; Moretti, Luigi - C.E.P.R. Discussion Papers - 2014
This paper presents new estimates of the economic benefits from economic and political integration. Using the synthetic counterfactuals method, we estimate how GDP per capita and labour productivity would have behaved for the countries that joined the European Union (EU) in the 1973, 1980s, 1995...
Persistent link: https://www.econbiz.de/10011084144
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European Trade and Welfare after `1992'
Winters, L. Alan - C.E.P.R. Discussion Papers - 1992
This paper reviews estimates of the effects of `1992' on international trade and welfare, and the policy implications of those estimates. It surveys earlier research starting with the Cecchini Report of 1988 and then summarizes some new results based on general equilibrium modelling with...
Persistent link: https://www.econbiz.de/10005136688
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Foreign Direct Investment and the Single Market
Neary, J Peter - C.E.P.R. Discussion Papers - 2002
This Paper extends the theory of multinational corporations, identifying three distinct influences of internal trade liberalization by a group of countries on the level and pattern of inward foreign direct investment (FDI). First, the tariff-jumping motive encourages plant consolidation. Second,...
Persistent link: https://www.econbiz.de/10005067471
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Inflation Convergence During the Transition to EMU
De Grauwe, Paul - C.E.P.R. Discussion Papers - 1992
According to the Maastricht Treaty, EMS countries will be able to join EMU if their inflation rates are not more than 1 ….5% higher than the average of the three lowest inflation rates in the EMS. In this paper I analyse the likelihood of inflation … whether the Maastricht convergence requirement for inflation rates is not needlessly tight. …
Persistent link: https://www.econbiz.de/10005067457