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International commodity price shocks may have large impacts on producers in developing countries. In this paper, a unique household panel data from Ethiopia is utilized to show that a decrease in international coffee price has strong pass-through to the consumption of households that rely on...
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empirical results indicate that the long-run import pass-through has indeed declined significantly. As a result, the …
Persistent link: https://www.econbiz.de/10013319458
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We estimate the impact of trade policy uncertainty (TPU) on CES import price indices, focusing on the implications of … U.K. import price indices by raising the prices of existing products and by reducing product variety from the E.U. We … find evidence that the risk of higher import protection from the 2016 referendum increased current import price indices by …
Persistent link: https://www.econbiz.de/10014337833
This paper tackles the issue of cross-section dependence for the monetary exchange rate model in the presence of unobserved common factors using panel data from 1973 until 2007 for 19 OECD countries. Applying a principal component analysis we distinguish between common factors and idiosyncratic...
Persistent link: https://www.econbiz.de/10009426693
This paper tackles the issue of cross-section dependence for the monetary exchange rate model in the presence of unobserved common factors using panel data from 1973 until 2007 for 19 OECD countries. Applying a principal component analysis we distinguish between common factors and idiosyncratic...
Persistent link: https://www.econbiz.de/10010209430
In this letter we model the deviation of the nominal exchange rate from the long run equilibrium level predicted by monetary fundamentals in a nonlinear framework consistent with the presence of transaction costs. We consider a novel approach that allows for the joint testing of nonlinearity and...
Persistent link: https://www.econbiz.de/10014075254
We develop a simple estimation procedure for general equilibrium (GE) comparative static analysis of gravity models …
Persistent link: https://www.econbiz.de/10011384362