Showing 1 - 10 of 2,493
international trade in manufactured goods. These include: 1. Indexes of export prices for the U.S., Germany, and Japan, based on … of domestic prices for the U. S., Germany, and Japan based on export weights; 3. Indexes for developed country exports of … exports of manufactures, and indexes for exports of the U.S., Germany, and Japan on the sane sets of weights. The indexes for …
Persistent link: https://www.econbiz.de/10013225954
The theoretical literature on pricing-to-market has identified two possible reasons why the elasticity of prices to exchange rate changes may be asymmetric across appreciations and depreciations. If firms are attempting to increase market shares in foreign markets subject to the possibility of...
Persistent link: https://www.econbiz.de/10013124599
This paper uses bilateral automobile export unit values from the United States, Germany and Japan to measure the …
Persistent link: https://www.econbiz.de/10012762687
This paper reviews the recent literature on pass-through and pricing-to-market. Pricing-to market behavior is estimated for a new, larger data set with 60 German and 20 U.S. 7-digit industries. The results conform closely to what has been found elsewhere in smaller detailed data sets and at...
Persistent link: https://www.econbiz.de/10012763511
It has been widely remarked that US import prices have not fully reflected movements in the exchange rate. This paper begins with an investigation of the actual extent of "pricing to market" by foreign suppliers. It shows that pricing to market is a real phenomenon, but not universal; in...
Persistent link: https://www.econbiz.de/10013324641
the U.S. from Germany and Japan is similar to price adjustment observed on shipments to other destinations. Most variation …
Persistent link: https://www.econbiz.de/10012763503
It is well documented that retail prices in Japan are higher than in other countries for similar products. The two main …) relatively high distribution costs associated with getting goods to the point of final sale in Japan. The first of these … explanations implies that foreign exporters should charge higher prices on shipments to Japan than elsewhere, provided at least …
Persistent link: https://www.econbiz.de/10013227756
This paper derives a structural relationship between the nominal exchange rate, national price levels, and observed yields on long maturity inflation - indexed bonds. This relationship can be interpreted as defining the fair value of the exchange rate that will prevail in any model or real world...
Persistent link: https://www.econbiz.de/10013087887
It is almost invariably taken for granted in theoretical descriptions of the international price mechanism and in the construction of trade models that a country's export price for a particular product is identical to its domestic price. Any impact of foreign or domestic events on prices is...
Persistent link: https://www.econbiz.de/10013221992
The most important conclusion of this paper is that the growth rate of the money supply influences the U.S. inflation rate more strongly and promptly than in most previous studies, because the flexible exchange rate system has introduced an additional channel of monetary impact, over and above...
Persistent link: https://www.econbiz.de/10013224206