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This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011376318
This paper investigates price-setting for truly homogenous products sold in markets without any formal trade barriers. We use data from IKEA, a furniture company selling identical products in an identical shopping environment in different EU countries. We get four remarkable outcomes: 1) The law...
Persistent link: https://www.econbiz.de/10011402390
devaluation increased the demand for skills more useful for exporting, driving their relative price up. -- export wage premium … strategy exploits the 1992 devaluation of the Italian Lira, which represented a large and unforeseen shock to Italian firms …' incentives to export. The results indicate that the export wage premium is due to exporting firms both (1) paying a wage premium …
Persistent link: https://www.econbiz.de/10009535805
In this paper, we use a Micro-Macro model to evaluate the effects of a euro's depreciation on the French economy, both at the macro and micro level. Our Micro-Macro model consists of a Microsimulation model that includes an arithmetical model for the French fiscal system and two behavioral...
Persistent link: https://www.econbiz.de/10011738884
Previous empirical literature - mainly cross-sectional - has tested the demand-pull hypothesis and found that overall, evidence does not conflict with the idea that innovation may be driven by output. Using a balanced panel of 216 Italian manufacturing firms over the 1995-2000 period, and...
Persistent link: https://www.econbiz.de/10003283429
relatively well in predicting future export growth. …
Persistent link: https://www.econbiz.de/10012390770
heterogeneous plants and quality-differentiated goods, only the most productive plants in a country like Mexico enter the export … motivate a high-quality workforce. An exchange-rate devaluation leads initially more-productive, higher-wage plants to increase … more-productive plants increased the export share of sales, white-collar wages, blue-collar wages, the relative wage of …
Persistent link: https://www.econbiz.de/10003591494
rates. Using the World Input-Output Database (WIOD) we employ the proposed indicators to shed new light on changes in cost …
Persistent link: https://www.econbiz.de/10011853655
with observed household consumption decisions. Our approach is based on inference from household-level estimation of food …
Persistent link: https://www.econbiz.de/10013431621
There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...
Persistent link: https://www.econbiz.de/10003959141