Protection for Sale with Price Interactions and Incomplete Pass-Through
نویسندگان
چکیده
منابع مشابه
Accounting for Incomplete Pass - Through EMI
Recent theoretical work has suggested a number of potentially important factors in causing incomplete pass-through of exchange rates to prices, including markup adjustment, local costs and barriers to price adjustment. We empirically analyse the determinants of incomplete pass-through in the coffee industry. The observed pass-through in this industry replicates key features of pass-through docu...
متن کاملProtection for Sale with Unemployment
To match the observed patterns of protection over business cycle, I add unemployment into two models of trade policy: Protection for Sale(1994) and Trade Wars and Trade Talks(1995) by Grossman and Helpman. The source of unemployment is nancial frictions: as in Aghion et.al. (2009) rms with pro ts less than a random threshold are liquidated. With small shocks protection goes up to save emp...
متن کاملFirms’ Heterogeneity and Incomplete Pass-Through
A large body of empirical work documents that prices of traded goods change by a smaller proportion than real exchange rates between the trading countries (incomplete pass-through). The wedge between exchange rates and relative prices also varies across countries (pricing-tomarket). I present a model of trade and international price-setting with heterogeneous firms, where firms’ strategic behav...
متن کاملFirms’ Heterogeneity, Incomplete Information, and Pass-Through
A large body of empirical work documents that prices of traded goods change by a smaller proportion than real exchange rates between the trading countries (incomplete pass-through). I present a Ricardian model of trade and international price-setting with heterogeneous firms, Bertrand competition and incomplete information. The model implies that: 1) firm-level passthrough is incomplete and a U...
متن کاملIncomplete cost pass-through under deep habits
Article history: Received 25 November 2008 Revised 23 May 2009 Available online 11 June 2009 JEL classification: D1 D4 L1
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: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3192935