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U.S. import prices. The estimates suggest that the intensification of Chinese exports in the 2000s corresponded to …
Persistent link: https://www.econbiz.de/10009692640
This paper analyzes the potential effect of global market competition on inflation dynamics. It does so through the lens of the Calvo model of staggered price setting, which implies that inflation depends on expected future inflation and a measure of marginal costs. I modify the assumption of a...
Persistent link: https://www.econbiz.de/10003781500
theoretical framework that combines variable markups due to strategic complementarities and endogenous choice to import … intermediate inputs. The model predicts that firms with high import shares and high market shares have low exchange rate pass … destination and imports by source country. We confirm that import intensity and market share are the prime determinants of pass …
Persistent link: https://www.econbiz.de/10009697339
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between exchange rate movements and import prices. Recent debates hinge on whether producer-currency-pricing (PCP) or local …-through of exchange rates into import prices. However, for OECD countries, the most important determinants of changes in pass …-through over time are microeconomic and relate to the industry composition of a country's import bundle"--Federal Reserve Bank of …
Persistent link: https://www.econbiz.de/10001675330
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reconcile these findings by linking part of the increase in domestic concentration to import competition. Although concentration … increase. We find that higher import competition caused a decline in the market shares of the top twenty U.S. firms. …
Persistent link: https://www.econbiz.de/10012520308
We analyze the effect of import competition on household balance sheets from 2000 to 2007 using individual data on … manufacturing industries are more exposed to import competition. A one standard deviation increase in exposure to import competition …
Persistent link: https://www.econbiz.de/10011708618
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