Showing 1 - 10 of 108
This paper investigates the impact of market structure on the joint determination of exchange rate pass-through and currency of invoicing in international trade. A novel feature of the study is the focus on market share of firms on both sides of the market - that is, exporting firms and...
Persistent link: https://www.econbiz.de/10011304162
Models of risk-sharing predict that relative consumption growth rates across locations should be positively related to real exchange rate growth rates across the same areas. We investigate this hypothesis using a new multi-country and multi-regional data set. Within countries, we find evidence...
Persistent link: https://www.econbiz.de/10013079946
Using highly disaggregated transaction-level trade data, we document the importance of new firmlevel trade partner relationships and the addition of new products to existing relationships in driving long-run import flows. Moreover, we find that these margins are sensitive to movements in the...
Persistent link: https://www.econbiz.de/10012104327
This paper shows that the outcome of trade wars for tariffs and welfare will be affected by the monetary policy regime …, trade wars are relatively mild, with low equilibrium tariffs and small welfare costs. Discretionary monetary policies imply … much higher tariffs, high inflation rates, and substantially larger welfare costs. We quantify the effects of a global …
Persistent link: https://www.econbiz.de/10014322690
Persistent link: https://www.econbiz.de/10001391196
Persistent link: https://www.econbiz.de/10001054896
Persistent link: https://www.econbiz.de/10011522310
Persistent link: https://www.econbiz.de/10011983862
Persistent link: https://www.econbiz.de/10010465186
Persistent link: https://www.econbiz.de/10011813277