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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/10012475588
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/10012474798
This paper uses bilateral automobile export unit values from the United States, Germany and Japan to measure the …
Persistent link: https://www.econbiz.de/10012474850
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/10012477148
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/10012474819
output in the U.S. and Japan, disaggregated by industry sectors, and by production and non-production workers in the case of … possibility of hysteresis in trade. For Japan, we find significant effects of movements in the yen on employment and output in the … employment and output in fabricated metal products, general machinery, and electrical machinery. The results for Japan are not as …
Persistent link: https://www.econbiz.de/10012476576
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/10012474013
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/10012474877
The analysis focuses on the government budget constraint and the resolution of inconsistent implications of different policy instruments under that constraint. We show how, under floating exchange rates, external shocks or internal structural reforms may cause jumps in inflation and the exchange...
Persistent link: https://www.econbiz.de/10012476939
The appreciation of the U.S. dollar over the past five years opens important areas of research. The fact of a large and persistent real appreciation poses a challenge for equilibrium theorists to uncover the change in fundamentals and seems to support the role of long-term wage contracts in...
Persistent link: https://www.econbiz.de/10012477307