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Forward-Looking Exporters and Exchange Rate Pass-Through

Li, Yao Amber - 2015

sticky prices. It offers a channel by which the expectations of future exchange rates can affect current export prices at … both countries, combined with forward exchange rates, we find that export prices significantly respond to forward premiums …

Persistent link: https://www.econbiz.de/10013026996

Forward-Looking Exporters and Exchange Rate Pass-Through : A Micro-Level Investigation

Li, Yao Amber - 2015

-level evidence, we adopt detailed product-level import data of the United States and firm-product-level export data of China combined …

Persistent link: https://www.econbiz.de/10013019592

Exchange Rate Pass-Through in the Euro Area

Comunale, Mariarosaria - 2017

In this paper we analyse the exchange rate pass-through (ERPT) in the euro area as a whole and for four euro area … of zero and sign restrictions. Our results emphasize that pass-through in the euro area is not constant over time - it …-through to import prices and overall very small pass-through to consumer inflation in the euro area …

Persistent link: https://www.econbiz.de/10012963914

Has the Exchange Rate Pass Through Recently Declined in the Euro Area?

Özyurt, Selin - 2016

This study investigates the degree and speed of the exchange rate pass through (ERPT) into extra-euro area import … prices for the euro area aggregate and the five largest countries. Based on quarterly frequency data, the analysis covers the … period 1996Q1-2015Q2. Two alternative measures of the nominal exchange rate are used: the NEER of the euro against 38 …

Persistent link: https://www.econbiz.de/10012983079

Wool and Wool-Based Textiles in the West European Economy, c.800 - 1500: Innovations and Traditions in Textile Products, Technology, and Industrial Organisation

Munro, John H. - University of Toronto, Department of Economics - 2000

in the late-medieval economy centuries forced so many textile-producers to forsake the export-oriented production of …

Persistent link: https://www.econbiz.de/10005827217

The Changing Fortunes of Fairs in Medieval and Early Modern Europe: Warfare, Transaction Costs, and the 'New Institutional Economics'

Munro, John H. - University of Toronto, Department of Economics - 2000

This paper revisits, modifies, and combines elements of three major 'institutional' international-trade models, none of which has yet fully received the attention that it deserves, to provide a new explanation for the growth, decline, and then rebirth of internationally-oriented fairs in the...

Persistent link: https://www.econbiz.de/10005827218

Trade and Capital Flows: A Financial Frictions Perspective

Antras, Pol; Caballero, Ricardo J - National Bureau of Economic Research (NBER) - 2007

The classical Heckscher-Ohlin-Mundell paradigm states that trade and capital mobility are substitutes, in the sense that trade integration reduces the incentives for capital to flow to capital-scarce countries. In this paper we show that in a world with heterogeneous financial development, the...

Persistent link: https://www.econbiz.de/10005828700

International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities

Engel, Charles; Wang, Jian - National Bureau of Economic Research (NBER) - 2008

Data for OECD countries document: 1. imports and exports are about three times as volatile as GDP; 2. imports and exports are pro-cyclical, and positively correlated with each other; 3. net exports are counter-cyclical. Standard models fail to replicate the behavior of imports and exports,...

Persistent link: https://www.econbiz.de/10005828907

Can Capital Mobility be Destabilizing?

Meng, Qinglai; Velasco, Andres - National Bureau of Economic Research (NBER) - 1999

In a standard two-sector neoclassical model with distortions, capital mobility can render the steady state indeterminate, in the sense that there exist infinitely many convergent paths. In the closed economy with no international capital mobility, the utility function must be linear or close to...

Persistent link: https://www.econbiz.de/10005829038

Why do Foreigners Invest in the United States?

Forbes, Kristin - National Bureau of Economic Research (NBER) - 2008

Why are foreigners willing to invest almost $2 trillion per year in the United States? The answer affects if the existing pattern of global imbalances can persist and if the United States can continue to finance its current account deficit without a major change in asset prices and returns. This...

Persistent link: https://www.econbiz.de/10005829149