منابع مشابه
International Prices and Exchange Rates
We survey the recent empirical and theoretical developments in the literature on the relation between prices and exchange rates. After updating some of the major findings in the empirical literature we present a simple framework to interpret this evidence. We review theoretical models that generate insensitivity of prices to exchange rate changes through variable markups, both under flexible pr...
متن کاملThe Exchange Rate Regime and International Trade
The study of the relation between the exchange rates regime and international trade is done using an inter-disciplinary vision that contains knowledge from four different disciplines: economics, history, mathematics and computer sciences. In the case of pure theory of international trade, there is made an abstraction of the fact that international trade is done using money. The theoretical anal...
متن کاملExchange Rates and the Working Capital Channel of Trade Fluctuations
Global value chains (GVCs) figure prominently in global trade and lie at the intersection of two important themes. The first is the financing requirement for working capital. The second is the prevalence of dollar invoicing in global trade. The upshot of the interaction of these two themes is that the dollar exchange rate emerges as a determinant of GVC activity. Specifically, a stronger dollar...
متن کاملProduction, Trade and Exchange Rates in Large Experimental Economies
We construct experimental economies for the purpose of studying market equilibration. The economies are the most complex laboratory economies studied to date and are “international” in economic structure. The economies have twenty-one markets and due to the fact that they have on the order of 50 agents, the economies are characterized by several hundred equations. In spite of the complexity and...
متن کاملReal Exchange Rates and Time-Varying Trade Costs
In a recent paper Jacks et al. (2008) advocate a micro-founded measure for bilateral trade costs. We employ this measure and extend two nonlinear models for the real exchange rate so as to re-examine the Purchasing Power Parity hypothesis in the presence of time-varying trade costs. Using data for the dollar-sterling real exchange rate from 1830 to 2005, we provide significant evidence in favor...
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ژورنال
عنوان ژورنال: Journal of Applied Economics
سال: 2018
ISSN: 1514-0326,1667-6726
DOI: 10.1080/15140326.2018.1526878