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This paper provides a new perspective on the exchange rate disconnect puzzle by referring to the expectations building mechanism in foreign exchange markets. Therefore, we analyze the role of expectations regarding macroeconomic fundamentals for expected exchange rate changes. In doing so, we...
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, consumption and self-sufficiency, exports and imports, as well as the evolution of prices. The results reveal that unlike other …
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, consumption and self-sufficiency, exports and imports, as well as the evolution of prices. The results reveal that unlike other …
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This study analyzes empirically the effects of import competition on firm productivity (TFPQ) using administrative firm … positive incentives for firms to invest in productivity improvement, whereas import competition from middle- and low …. Costly investment in productivity appears feasible reaction to such type of competition and we find no evidence for …
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