Loopesko, Bonnie E.; Johnson, Robert A. - Federal Reserve Board (Board of Governors of the … - 1987
is warranted. ; We then turn to the adjustment process. First, we present evidence that a narrowing of Japan's record … slower than would have been predicted by a simple econometric model, if Japanese trade. We then explore several possible … Japanese export prices than in the past, and the slow pass-through of terms-of-trade gains to consumer prices. Evidence is also …