Similar Search Results

Kravis, Irving B. - 1977

The present paper is intended to make a modest contribution to an under-standing of one small but important link in this complicated chain of interacting factors. It is a link that has often been ignored because strong simplifying assumptions have until very recently usually been made about it....

Persistent link: https://www.econbiz.de/10012478947

Volatility and Pass-through

Berger, David - 2013

What drives countercyclical volatility? A large literature has documented that many economic variables are more … volatility or responsiveness is getting bigger, and these two explanations have very different policy implications. However, we … volatility shocks cannot …

Persistent link: https://www.econbiz.de/10012459012

In Search of Real Rigidities

Gopinath, Gita - 2010

The closed and open economy literatures work on evaluating the role of real rigidities, but in parallel. This paper brings the two literatures together. We use international price data and exchange rate shocks to evaluate the importance of real rigidities in price setting. We show that...

Persistent link: https://www.econbiz.de/10012462590

Market Share and Exchange Rate Pass-Through in World Automobile Trade

Feenstra, Robert C. - 1993

This paper explores the relationship between exchange rate pass-through and market share for monopolistically competitive exporters. Under fairly general assumptions we show that pass-through should be high for exporters based in a country with a very large share of total destination market...

Persistent link: https://www.econbiz.de/10012474552

Commodity Export Prices and the Real Exchange Rate in Developing Countries : Coffee in Colombia

Edwards, Sebastian - 1985

In this paper a model that analyzes the interaction between changes in commodity export prices, money creation, inflation, and the real exchange rate in a developing country is developed. The model is then tested using data for Colombia. A number of experts have argued that the fluctuations of...

Persistent link: https://www.econbiz.de/10012477515

Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect

Devereux, Michael B. - 2002

This paper explores the hypothesis that high volatility of real and nominal exchange rates may be due to the fact that … necessary to construct such an explanation for exchange rate volatility. In addition to the presence of local currency pricing … parity. Together, it is shown that these elements can produce exchange rate volatility that is much higher than shocks to …

Persistent link: https://www.econbiz.de/10012469857

Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?

Crucini, Mario J. - 2010

We introduce the real exchange rate volatility curve as a useful device to understand the role of price stickiness in … theory predicts that the real exchange rate volatility curve is a U-shaped function of the degree of price stickiness. Using … sector-level European real exchange rate data and frequency of price changes, we estimate the volatility curve. The results …

Persistent link: https://www.econbiz.de/10012462574

Exchange Rate Volatility and International Prices

Feenstra, Robert C. - 1991

We examine how exchange rate volatility affects exporter's pricing decisions in the presence of optimal forward …. Our theory implies a connection between the estimated risk premium equation, and the influence of exchange rate volatility …

Persistent link: https://www.econbiz.de/10012475370

Frequency of Price Adjustment and Pass-through

Gopinath, Gita - 2008

A common finding across empirical studies of price adjustment is that there is large heterogeneity in the frequency of price adjustment. However, there is little evidence of how distant prices are from the desired flexible price. Without this evidence, it is difficult to discern what the...

Persistent link: https://www.econbiz.de/10012464447

Pass-through of Exchange Rates and Competition Between Floaters and Fixers

Bergin, Paul R. - 2007

This paper studies how a rise in China's share of U.S. imports could lower pass-through of exchange rates to U.S. import prices. We develop a theoretical model with variable markups showing that the presence of exports from a country with a fixed exchange rate could alter the competitive...

Persistent link: https://www.econbiz.de/10012465019

1
2
3
4
5
6
7
8
9
10
Next
Last