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Persistent link: https://www.econbiz.de/10005346814
relative prices in microeconomic data is much faster. This paper finds that adjustment to the law of one price in disaggregated … qualitatively distinct process, working through adjustment in local-currency goods prices. These distinct adjustment dynamics appear … nesting aggregate and disaggregated relative prices permits identification of distinct macroeconomic and good-specific shocks …
Persistent link: https://www.econbiz.de/10008504593
We study the purchasing power parity (PPP) puzzle in a multi-sector, two-country, sticky- price model. Across sectors, firms differ in the extent of price stickiness, in accordance with recent microeconomic evidence on price setting in various countries. Combined with local currency pricing,...
Persistent link: https://www.econbiz.de/10008489226
We study a newly constructed panel data set of relative prices of a large number of consumer goods among 31 European …
Persistent link: https://www.econbiz.de/10008475888
-i Efkar and Vakit, in addition to data of foreign exchange rates and prices in the çIstanbul Bourse, this paper examines how …
Persistent link: https://www.econbiz.de/10011882665
Persistent link: https://www.econbiz.de/10011457593
-i Efkar and Vakit, in addition to data of foreign exchange rates and prices in the İstanbul Bourse, this paper examines how …
Persistent link: https://www.econbiz.de/10011673311
Persistent link: https://www.econbiz.de/10005361358
with sticky goods prices. If prices are held fixed for at least one year, risk aversion is high, and preferences are …
Persistent link: https://www.econbiz.de/10005367679
This paper estimates monthly pass-through ratios from import prices to consumer prices in real time. Conventional time … series methods impose restrictions to generate exogenous shocks on exchange rates or import prices when estimating pass …-through coefficients. Instead, a natural experiment based on data releases defines our shock to foreign prices. Our estimation strategy …
Persistent link: https://www.econbiz.de/10005367960