International trade in durable goods: Understanding volatility, cyclicality, and elasticities
نویسندگان
چکیده
منابع مشابه
International Trade in Durable Goods in Sticky Price Models
Engel and Wang (2008) argue that trade in durable goods is important for international real-businesscycle models to replicate the behavior of real imports and exports. We extend such a model with Calvostyle price stickiness. We find that the model with producer currency pricing (PCP) for investment goods and local currency pricing (LCP) for durable consumption performs better than the model wit...
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ژورنال
عنوان ژورنال: Journal of International Economics
سال: 2011
ISSN: 0022-1996
DOI: 10.1016/j.jinteco.2010.08.007