Showing 1 - 10 of 109,120
inflationary. In this study, we estimate the degree of exchange rate pass-through to the Japanese imports, focusing on the recent …
Persistent link: https://www.econbiz.de/10013319458
Motivated by stylized facts pointing to a dominant role of imported inputs in transmitting external price shocks to domestic prices, this paper zooms in to study the pass-through of imported input costs to domestic producer prices. Our approach constructs effective input price indices from...
Persistent link: https://www.econbiz.de/10012996091
and the import behaviour of their employing firms. First, a model shows that the impact of firms’ imports on workers … employer-employee data source that contains information on firms’ inputs, including imports by type of product and by country …, firms own imports of the same goods ‘protect’ its workers through a hold-up effect. The total effect is negative for most …
Persistent link: https://www.econbiz.de/10005123663
We construct an aggregate data panel to estimate price and income elasticities of the Arab countries imports from and … (2000, 2001). Our variables are shown to be cointegrated. Arab imports from Euro zone countries are income inelastic, but …
Persistent link: https://www.econbiz.de/10005619411
This paper presents the novel results from an internationally coordinated project by the International Banking Research Network (IBRN) on the cross-border transmission of conventional and unconventional monetary policy through banks. Teams from seventeen countries use confidential micro-banking...
Persistent link: https://www.econbiz.de/10011877813
This paper presents the novel results from an internationally coordinated project by the International Banking Research Network (IBRN) on the cross-border transmission of conventional and unconventional monetary policy through banks. Teams from seventeen countries use confidential micro-banking...
Persistent link: https://www.econbiz.de/10011887415
Thailand had to endure three major shocks during 2008-2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT) let the exchange rate depreciate and cut interest rates...
Persistent link: https://www.econbiz.de/10013096276
The economic rationale for international monetary policy coordination is not strong. This is the conclusion, not only of the traditional Mundell-Fleming literature, but also the more recent New Open-Economy Macroeconomics literature on international monetary coordination. Yet a broader political...
Persistent link: https://www.econbiz.de/10013086263
Historically, the world payments system has been dominated by a single currency accepted in the exchange of goods and assets among countries. In recent decades, the US dollar has played this role. The dollar acts as a 'vehicle currency' in the sense that agents in non-dollar economies will...
Persistent link: https://www.econbiz.de/10013153147
This paper examines the transmission of changes in the U.S. monetary policy to local-currency sovereign bond yields of Brazil and Mexico. Using vector error-correction models, we find that the U.S. 10-year bond yield was a key driver of long-term yields in these countries, and that Brazilian...
Persistent link: https://www.econbiz.de/10012957840