Showing 1 - 10 of 704
rate. Multiple margins of adjustment (frequency of price changes, direction of price changes, size of price changes, exit … our dataset to show that degree of competition, stickiness of prices, synchronization of price changes, reputation of … sellers, and returns to search effort are important determinants of pass-through and speed of price adjustment for …
Persistent link: https://www.econbiz.de/10013048594
Existing models of contagious currency crises are summarized and surveyed, and it is argued that more weight should be put on political factors. Towards this end, the concept of political contagion introduced, whereby contagion in speculative attacks across currencies arises solely because of...
Persistent link: https://www.econbiz.de/10013239960
by the elimination of the exchange rate as a source of shocks, in combination with faster adjustment in national price … relative price adjustment …
Persistent link: https://www.econbiz.de/10012998959
integration and price convergence in international markets. Using a panel data set of car prices we examine how the process of … integration has affected cross-country price dispersion in Europe. We find surprisingly strong evidence of convergence towards …
Persistent link: https://www.econbiz.de/10013310788
We introduce the real exchange rate volatility curve as a useful device to understand the role of price stickiness in … accounting for deviations from the Law of One Price at the sector level. In the presence of both nominal and real shocks, the … theory predicts that the real exchange rate volatility curve is a U-shaped function of the degree of price stickiness. Using …
Persistent link: https://www.econbiz.de/10013311936
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
-series data for 21 EU countries from year 1998 to 2007 from various data resources. We provide strong evidence that the price gap … share of ad valorem tax in total excise tax leads to about a 4 to 5 percent increase in the price gap, with a smaller impact …
Persistent link: https://www.econbiz.de/10013139133
. Such a funding-liquidity crisis gives rise to "bases," that is, price gaps between securities with identical cash-flows but … the model empirically using the CDS-bond bases and other deviations from the Law of One Price, and use it to evaluate …
Persistent link: https://www.econbiz.de/10013130262
This chapter studies the differential effects that trade openness may have on leading and lagging regions within a country. Examining data from India, we find that while trade liberalization is associated with reduced poverty, this effect is smaller in lagging states. The expected transmission...
Persistent link: https://www.econbiz.de/10013138479
price with respect to per-capita income from a unique dataset that I construct, which features prices of 245 identical goods …—Mango. I find that doubling a destination's per-capita income results in an 18% increase in the price of identical items sold … cross-country price variations of identical items purchased via the Internet by consumers who do not take advantage of …
Persistent link: https://www.econbiz.de/10013139751