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market structure in which pricing decisions incur costs. That lead producers to pre-set the price path for several periods … expectation equilibrium, characterized by staggered, unsynchronized price setting, for which the degree of staggering is …
Persistent link: https://www.econbiz.de/10013210614
market structure in which pricing decisions incur costs. That lead producers to pre-set the price path for several periods … expectation equilibrium, characterized by staggered, unsynchronized price setting, for which the degree of staggering is …
Persistent link: https://www.econbiz.de/10012477534
Persistent link: https://www.econbiz.de/10011668450
Persistent link: https://www.econbiz.de/10000688163
Persistent link: https://www.econbiz.de/10000689829
Persistent link: https://www.econbiz.de/10003796541
This paper studies the links between current accounts and relative price levels, finding that current account changes … are associated with sizable future relative price levels effects. This is done in panel regressions of the Penn effect … the growing proliferation of Sovereign Wealth Funds. -- Current account ; relative price levels ; real exchange rate …
Persistent link: https://www.econbiz.de/10003854902
Persistent link: https://www.econbiz.de/10008701710
"This paper examines the degree to which the learning by doing externality [LBD] calls for an undervalued exchange rate, a policy suggested by recent empirical studies which concluded that mildly undervalued real exchange rate may enhance growth. We obtain mixed results. For an economy where LBD...
Persistent link: https://www.econbiz.de/10003681919
Persistent link: https://www.econbiz.de/10001780644