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to increase users' participation by setting prices at both sides of the market such that the total price is below …
Persistent link: https://www.econbiz.de/10005825848
This paper uses a two-sector model to estimate the relationship between prices, money, and the exchange rate in … monetary aggregates, domestic prices, real income, and foreign interest rates. In addition, the error-correction model shows …
Persistent link: https://www.econbiz.de/10005825934
-through to prices, and interest rate policy following, rather than leading, financial market developments. Our estimated monetary …
Persistent link: https://www.econbiz.de/10005825964
The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...
Persistent link: https://www.econbiz.de/10005825986
factors argued to explain the differences in the trends in core inflation and relative prices in the United Kingdom, the Euro …
Persistent link: https://www.econbiz.de/10005826211
Persistent link: https://www.econbiz.de/10005835359
We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective …" prices) in a dataset containing prices and quantities sold for numerous retailers across a variety of U.S. metropolitan areas … prices paid by consumers declines significantly with higher unemployment. This discrepancy can be reconciled by consumers …
Persistent link: https://www.econbiz.de/10011242242
Like most Sub-Saharan African countries, Kenya’s economic growth appears to have been primarily driven by factor accumulation. The Selected Issues paper and Statistical Appendix for Kenya examines economic developments and policies. During the last two decades, Kenya has been plagued by...
Persistent link: https://www.econbiz.de/10011244155
Using a consistent dataset and methodology for all eight member countries of the West African Economic and Monetary Union (WAEMU) from 1994 to 2009, this paper provides evidence of the two major channels for real effects of inflation: inflation uncertainty and relative price variability. In line...
Persistent link: https://www.econbiz.de/10008876598
This paper provides a theory model of trade finance to explain the "great trade collapse." The model shows that, first, the riskiness of international transactions rises relative to domestic transactions during economic downturns, and second, the exclusive use of a letter of credit in...
Persistent link: https://www.econbiz.de/10009370564