Showing 1 - 10 of 10,713
to a product's tradability. For individual products, LOP deviations are affected by their own inflation rates and, to a … deviation series are found to display considerable persistence and there is limited evidence that tradability enhances price … lesser extent, by aggregate inflation, output variations, and monetary variability. Interestingly, the trend behavior remains …
Persistent link: https://www.econbiz.de/10012753617
Persistent link: https://www.econbiz.de/10003674431
We explore deviations from short-run purchasing power parity across European cities, attempting to move beyond a "first generation" of papers that document very large border effects. We document two very distinct types of border effects embedded in relative prices. The first is a "real barriers...
Persistent link: https://www.econbiz.de/10014154076
This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...
Persistent link: https://www.econbiz.de/10012988688
This paper provides an explanation for the observed decline of the exchange rate pass-through into import prices by modeling the effects of financial market integration on the optimal choice of the pricing currency in the context of rigid nominal goods prices. Contrary to previous literature, we...
Persistent link: https://www.econbiz.de/10012933708
This paper estimates the cash flow and real effects of currency mismatches generated by foreign-priced operations of French manufacturers. The value of transactions invoiced in foreign currencies is twice as sensitive to exchange rates as the value of transactions invoiced in the domestic...
Persistent link: https://www.econbiz.de/10012705025
US dollar appreciation is associated with a darkening of the economic outlook for emerging market economies (EMEs). Using data from 21 EMEs, we find that a 1 percentage point (ppt) appreciation shock to the dollar against a broad basket of currencies dampens the growth outlook by over 0.3 ppt...
Persistent link: https://www.econbiz.de/10013295213
inflation through supply chains …
Persistent link: https://www.econbiz.de/10014351016
During the past three decades, Japan's current account experienced five large swings. The yen appreciated considerably … in periods when the current account boomed, and it depreciated whenever Japan's external performance weakened. However … regularities. It argues that as a result of the large movements of the current account, the flows of cash between Japan and ist …
Persistent link: https://www.econbiz.de/10013319615
This paper proposes a hybrid monetary model of the dollar-yen exchange rate that takes into account factors affecting the conventional monetary model’s building blocks. In particular, the hybrid monetary model is based on the incorporation of real stock prices to enhance money demand stability...
Persistent link: https://www.econbiz.de/10014039290