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Explaining International Differences in the Prices of Tradables and Non-Tradables (with a New Zealand Perspective)

Falvey, Rodney E; Gemmell, Norman; Chang, Cherry; … - Victoria Business School, Victoria University of Wellington - 2014

The World Bank's International Comparison Program (ICP) data on national price levels for tradables and non-tradables … (and goods compared to services) reveals that New Zealand has relatively high prices of both tradables and non-tradables … observed international variations in non-tradables and tradables prices in general, and New Zealand's especially high prices in …

Persistent link: https://www.econbiz.de/10010904177

The Determinants of Non-tradables Inflation

Jacobs, David; Williams, Thomas - In: RBA Bulletin (2014) September, pp. 27-38

This article examines the factors that explain inflation in prices of non-tradable items in the CPI. Non-tradable goods and services by definition have relatively little exposure to international competition. Consequently, their prices are more likely to be influenced by developments in the...

Persistent link: https://www.econbiz.de/10010949109

Accounting for Market Distortions in an Integrated Investment Appraisal Framework

Bagzibagli, Kemal; Jenkins, Glenn P.; Semwaga, Octave - Economics Department, Queen's University - 2014

Public investments are key policy instruments used by governments in pursuing their overall development goals and strategies. Given the limited resources available to an economy, the chosen projects should fit into the overall development strategy, which usually concerns many stakeholder groups....

Persistent link: https://www.econbiz.de/10010958972

The Balassa–Samuelson effect and pricing-to-market: The role of strategic complementarity

Bekkers, Eddy; Simonovska, Ina - In: Economics Letters 126 (2015) C, pp. 156-158

Combining Balassa–Samuelson effects with strategic complementarities between prices of tradables and non-tradables … yields a novel determinant of tradables’ prices. A larger productivity difference between tradables and non-tradables raises … the non-tradables’ price. With strategic complementarities, producers of tradables also increase prices. …

Persistent link: https://www.econbiz.de/10011189504

The sectoral reallocation of government purchases as budgetary-neutral stabilisation tool: a model-based analysis

Hohberger, Stefan; Vogel, Lukas; Herz, Bernhard - In: International Economics and Economic Policy 12 (2015) 1, pp. 59-74

The paper uses a two-sector DSGE model with nominal and real rigidities to analyse the stabilising properties of fiscal policy rules in a small open economy in monetary union. The focus is on the potential of budgetary-neutral rules that adjust the composition of government purchases between...

Persistent link: https://www.econbiz.de/10011241865

Working Paper 31a

Chinn, Menzie David - Oesterreichische Nationalbank - 1998

The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined. Using sectoral output and employment data, relative prices and relative productivity levels are calculated for China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore,...

Persistent link: https://www.econbiz.de/10010727668