STICKY IMPORT PRICES AND J-CURVES

被引：4
|
作者：
BACCHETTA, P
GERLACH, S
机构：
[1] UNIV AUTONOMA BARCELONA,INST ANAL ECON,E-08193 BARCELONA,SPAIN
[2] BANK INT SETTLEMENTS,BASEL,SWITZERLAND
来源：
ECONOMICS LETTERS | 1994年 / 44卷 / 03期
关键词：
D O I：
10.1016/0165-1765(93)00355-R
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We show that devaluations lead to a J-curve when imported goods are durable and import prices adjust slowly to exchange rate changes. The J-curve effect is caused by intertemporal speculation as import prices are low relative to future prices immediately after a devaluation.
引用
收藏
页码：281 / 285
页数：5
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