Investment, Pass-Through, and Exchange Rates: A Cross-Country Comparison
نویسندگان
چکیده
منابع مشابه
Exchange rates and investment good prices: A cross-industry comparison
This paper presents estimates of the impact of exchange rate movements on the industry-level price of investment goods using a panel of OECD countries. An exchange rate depreciation (appreciation) causes a significant rise (fall) in the prices of the investment goods used by most industries, but the magnitude of this effect differs greatly across sectors. A currency depreciation causes a strong...
متن کاملA cross-country comparison
Firms increasingly rely upon external actors for their innovation process. Interaction with these actors may occur formally (i.e. through a collaboration agreement) or informally (i.e. external actors acts as sources of knowledge). This paper analyses the reasons why firms consider it to be important to develop formal and informal external linkages in the innovation process by looking at the ro...
متن کاملExchange Rate Pass-Through and Credit Constraints
The macroeconomic evidence on the short-term impact of exchange rates on exports and prices is notoriously weak. In this paper I examine the micro-foundations of this disconnect by looking at firms’ export and price setting decisions in response to fluctuations in exchange rates and credit conditions using German firm survey data. Firmlevel data on pricing and export expectations enables me to ...
متن کاملDeep Habits and Exchange Rate Pass - through ∗
We propose a candidate solution to the imperfect exchange rate passthrough puzzle: habit persistence at the level of individual goods varieties. Deep habits generate a dynamic import demand function that leads to import price markup adjustments, independently of nominal pricing frictions. Augmenting a standard two-country model with deep habits, we obtain low exchange rate pass-through to impor...
متن کاملMonetary Policy, Exchange Rate Flexibility, and Exchange Rate Pass-Through
This paper develops a dynamic general-equilibrium (DGE) model of a small open economy to investigate alternative monetary rules, differing primarily in the degree to which they allow for exchange rate flexibility. A central argument of the paper is that the nature of the trade-off between fixed and floating exchange rates may be quite different in mature industrial economies than in emerging-ma...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1996
ISSN: 1556-5068
DOI: 10.2139/ssrn.48278