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is on the order of 10 percent. Second, we find that Chinese multilateral trade flows respond to relative prices -- as …
Persistent link: https://www.econbiz.de/10003818038
This paper surveys a wide body of economic literature on the relationship between currencies and trade. Specifically, two main issues are investigated: the impact on international trade of exchange rate volatility and of currency misalignments. On average, exchange rate volatility has a negative...
Persistent link: https://www.econbiz.de/10009571263
Currency mismatch makes a debtor country suffer from domestic depreciation by magnifying the burden of its external debt. Since external debt can be paid back by exporting more than importing, a crucial channel for inducing recovery is net export. It is not warranted, however, that domestic...
Persistent link: https://www.econbiz.de/10011343071
currency paradigm (Gopinath et al. (2020)), import prices and quantities respond strongly to a country’s exchange rate with the … import prices. A dollar appreciation of 1 percent lowers import quantities by 1.5 percent for countries that fully invoice in …
Persistent link: https://www.econbiz.de/10012319440
documents a positive relationship between the dollar and import prices. Importantly, this effect is stronger when the dollar ….S. domestic housing activity. Then, a dollar appreciation increases import prices and decreases import quantities, with effects …
Persistent link: https://www.econbiz.de/10014293276
find that the only significant relationship implies the existence of a lagged effect of prices on output in the case of the …
Persistent link: https://www.econbiz.de/10012494781
framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes …
Persistent link: https://www.econbiz.de/10012387534
Prices, and reduces price volatility. Our findings are important for emission trading schemes worldwide, such as California …
Persistent link: https://www.econbiz.de/10011810102
Fiscal deficits, elevated debt-to-GDP ratios, and high inflation rates suggest hyperinflation could have potentially emerged in many European countries after World War I. We demonstrate that economic policy uncertainty was instrumental in pushing a subset of European countries into...
Persistent link: https://www.econbiz.de/10011855599
firms' revenue, quantity and prices to estimate TFP and TFP-R and decompose the latter into various elements. Our analysis … suggests that the revenue productivity advantage of denser areas is mainly driven by higher prices charged rather than …, despite higher prices. These and other results we document suggest that firms in denser areas are able to charge higher prices …
Persistent link: https://www.econbiz.de/10012211220