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imports in an effort to force other countries to revalue their currencies against the dollar. The import surcharge was lifted …, economic, and legal issues surrounding the import surcharge. This historical episode may shed light on the possible use of …
Persistent link: https://www.econbiz.de/10012460910
We analyze the policy trade-offs generated by local currency price stability of imports in economies where upstream producers strategically interact with downstream firms selling the final goods to consumers. We study the effects of staggered price setting at the downstream level on the optimal...
Persistent link: https://www.econbiz.de/10012465102
We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million …-specific quotas following China's entry into the World Trade Organization. Chinese import competition had two effects: first, it led … account for around 15% of European technology upgrading between 2000-2007. Rising Chinese import competition also led to falls …
Persistent link: https://www.econbiz.de/10012461940
allow for different import intensities for different components of aggregate demand (specifically, consumption versus …
Persistent link: https://www.econbiz.de/10012460784
sensitive to changes in import prices. Although import price fluctuations had a much greater impact on U.S. production than … changes in import duties, our estimates suggest that the tariff permitted domestic output to be about thirty to forty percent …
Persistent link: https://www.econbiz.de/10012465198
1860, we estimate the responsiveness of domestic production to fluctuations in import prices and conclude that the industry …
Persistent link: https://www.econbiz.de/10012470918
A central assumption of open economy macro models with nominal rigidities relates to the currency in which goods are priced, whether there is so-called producer currency pricing or local currency pricing. This has important implications for exchange rate pass-through and optimal exchange rate...
Persistent link: https://www.econbiz.de/10012465217
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
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
The inertia of the local-currency prices of traded goods in the face of exchange-rate changes is a well-documented phenomenon in International Economics. This paper develops a structural model to identify the sources of this local-currency price stability and applies it to micro data from the...
Persistent link: https://www.econbiz.de/10012465471