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
相关论文
共 50 条
  • [21] SEARCH, STICKY PRICES, AND INFLATION
    DIAMOND, PA
    [J]. REVIEW OF ECONOMIC STUDIES, 1993, 60 (01): : 53 - 68
  • [22] Sticky prices and moderate inflation
    Hofstetter, Marc
    [J]. ECONOMIC MODELLING, 2010, 27 (02) : 535 - 546
  • [23] Sticky Prices in Customer Markets
    Choudhary, M. Ali
    Karlsson, Thorlakur
    Zoega, Gylfi
    [J]. ECONOMIC RECORD, 2012, 88 (282) : 372 - 390
  • [24] Sticky prices: the impact of regulation
    Dexter, AS
    Levi, MD
    Nault, BR
    [J]. JOURNAL OF MONETARY ECONOMICS, 2002, 49 (04) : 797 - 821
  • [25] Endogenous money or sticky prices?
    Ireland, PN
    [J]. JOURNAL OF MONETARY ECONOMICS, 2003, 50 (08) : 1623 - 1648
  • [26] Sticky prices and volatile output
    Ellison, M
    Scott, A
    [J]. JOURNAL OF MONETARY ECONOMICS, 2000, 46 (03) : 621 - 632
  • [27] Import Prices and Inflation
    Hamilton, James D.
    [J]. INTERNATIONAL JOURNAL OF CENTRAL BANKING, 2012, 8 (01): : 271 - 279
  • [28] Are UK companies' prices sticky?
    Hall, S
    Walsh, M
    Yates, A
    [J]. OXFORD ECONOMIC PAPERS-NEW SERIES, 2000, 52 (03): : 425 - 446
  • [29] Prices are sticky after all
    Kehoe, Patrick
    Midrigan, Virgiliu
    [J]. JOURNAL OF MONETARY ECONOMICS, 2015, 75 : 35 - 53
  • [30] Optimally sticky prices: Foundations
    L'huillier, Jean-Paul
    Zame, William R.
    [J]. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2022, 141
12345