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prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …
Persistent link: https://www.econbiz.de/10011506613
, which contains detailed information on firm domestic prices, marginal costs, and competitor prices. The rare features of … estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical …, that these findings have important implications for shaping the response of domestic prices to international shocks. …
Persistent link: https://www.econbiz.de/10011538001
domestic product, the real exchange rate, fiscal and trade balances, and inflation to global demand, commodity price, monetary … especially to global demand fluctuations associated with declines in commodity prices. However, despite the similarities that …
Persistent link: https://www.econbiz.de/10012141999
This paper examines the impact of public sector borrowings on prices, interest rates, and output in Nigeria. It …
Persistent link: https://www.econbiz.de/10011460388
We examine the relationship between prices and interest rates for seven advanced economies in the period up to 1913 …, emphasizing the UK. There is a significant long-run positive relationship between prices and interest rates for the core commodity …
Persistent link: https://www.econbiz.de/10010402305
This paper examines the current state of price convergence amongst the eleven initial EMU member states. Special attention is given to possible changes in the convergence process during the euro cash changeover. We apply the convergence approach using both panel estimates of changes in the...
Persistent link: https://www.econbiz.de/10010425231
-apartheid South Africa, and to assess the effect of prices on this story. Our results show that inflation over the latter half of the …
Persistent link: https://www.econbiz.de/10010411479
, which contains detailed information on firm domestic prices, marginal costs, and competitor prices. The rare features of … estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical …, that these findings have important implications for shaping the response of domestic prices to international shocks. …
Persistent link: https://www.econbiz.de/10011446483
) as well as on prices in Bolivia. The methodology used was structural autoregressive vectors and the data used came from … the price level. The demand shocks on GDP and prices in Bolivia are negative. Furthermore, I find that the political …
Persistent link: https://www.econbiz.de/10012287320
prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …
Persistent link: https://www.econbiz.de/10011623991