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Sunday, August 2, 2020 | History

2 edition of Pricing to market, staggered contracts, and real exchange rate persistence found in the catalog.

Pricing to market, staggered contracts, and real exchange rate persistence

Paul R. Bergin

Pricing to market, staggered contracts, and real exchange rate persistence

by Paul R. Bergin

  • 296 Want to read
  • 39 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Foreign exchange rates -- Econometric models.,
  • Prices -- Econometric models.,
  • Purchasing power parity -- Econometric models.

  • Edition Notes

    StatementPaul R. Bergin, Robert C. Feenstra.
    SeriesNBER working paper series -- working paper 7026, Working paper series (National Bureau of Economic Research) -- working paper no. 7026.
    ContributionsFeenstra, Robert C., National Bureau of Economic Research.
    Classifications
    LC ClassificationsHB1 .W654 no. 7026
    The Physical Object
    Pagination32, [7] p :
    Number of Pages32
    ID Numbers
    Open LibraryOL22400163M

      Bergin. P. R, 1eenstra.R.C. (). “Pricing-to-market, staggered contracts, and real exchange rate persistence Original Research Article”. Journal of International Economics, Vol Issue 2, PP Bergin. P. R.().“A model of relative national price levels under pricing to market Original Research Article”. Bergin, P., and R.C. Feenstra. (). “Pricing-to-Market, Staggered Contracts and Real Exchange Rate Persistence”, NBER Working Paper

    We then conduct a Monte Carlo simulation to show that real exchange rate volatility is positively associated with trade costs, but negatively related to distribution costs. R., Pricing to market, staggered contracts, and real exchange rate persistence. Journal of International Econom Betts, C., Devereux, M.,   This chapter discusses the wage contracting and exchange rate volatility. A frictionless model of the economy with wages and prices moving each period to clear the labor and goods markets is generally considered to be inconsistent with certain stylized facts about the real world.

    real exchange rate persistence. Since market structure determines PTM behavior, it is conceivable that Feenstra (). Using a general equilibrium framework, these authors show that PTM and staggered price contracts can endogenously create persistent real exchange rate . Andersen and Beier (), who focus on persistence of the real exchange rate in a model of two countries but with a similar wage staggering and goods market structure, also obtain that greater.


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Pricing to market, staggered contracts, and real exchange rate persistence by Paul R. Bergin Download PDF EPUB FB2

This property is shown to be important for generating pricing-to-market behavior in price-setting firms and for helping staggered contracts to generate endogenous persistence. The paper finds that translog preferences generate significantly greater persistence in the real exchange rate than does the standard CES by: Paul R.

Bergin & Robert Staggered contracts. Feenstra, "Pricing-to-Market, Staggered Contracts, and Real Exchange Rate Persistence," World Scientific Book Chapters, in: International Macroeconomic Interdependence, chapter 6, pagesWorld Scientific Publishing Co.

Pte. Ltd. Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence Paul R. Bergin, Robert C. Feenstra. NBER Working Paper No. Issued in March NBER Program(s):International Trade and Investment This paper offers an explanation for the persistence observed in real exchange rate by: Get this from a library.

Pricing to market, staggered contracts, and real exchange rate persistence. [Paul R Bergin; Robert C Feenstra; National Bureau of Economic Research.]. PRICING TO MARKET, STAGGERED CONTRACTS, AND REAL EXCHANGE RATE PERSISTENCE. Robert Feenstra and Paul Bergin. NoWorking Papers from University of California, Davis, Department of Economics Abstract: This paper offers an explanation for the persistence observed in real exchange rate movements.

The model combines pricing to market behavior with sticky prices generated by staggered by: Get this from a library. Pricing to market, staggered contracts, and real exchange rate persistence.

[Paul R Bergin; Robert Pricing to market Feenstra; National Bureau of Economic Research.] -- Abstract: This paper offers an explanation for the persistence observed in real exchange rate movements. The model combines pricing to market behavior with sticky prices generated by staggered.

"Pricing To Market, Staggered Contracts, And Real Exchange Rate Persistence," Working PapersUniversity of California, Davis, Department of Economics. Paul R.

Bergin & Robert C. Feenstra, "Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence," NBER Working PapersNational Bureau of Economic Research, Inc. Bergin, Paul R. and Feenstra, Robert C. () Pricing-to-market, staggered contracts, and real exchange rate persistence.

Journal of International Economics 54 (2), – Betts, Caroline and Devereux, Michael B. () Exchange rate dynamics in a model of pricing-to-market.

Bergin, Paul R. and Robert C. Feenstra (). ‘Pricing-to-Market, Staggered Contracts and Real Exchange Rate Persistence’. Journal of International Economics. Equivalence Results for Optimal Pass-through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing Charles Engel 1 University of Wisconsin.

Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence, Journal of International Economics 54 (2), (with Robert C. Feenstra) Staggered Price Setting and Endogenous Persistence, Journal of Monetary Economics 45 (3). Bergin, P. and R.

Feenstra () ‘Pricing to Market, Staggered Contracts, and the Real Exchange Rate Persistence’, NBER Working Paper Google Scholar Bergstrom, A.

and C. Wymer () ‘A Model of Disequilibrium Neoclassical Growth and its Application to the United Kingdom’ in A. Bergstrom (ed.), Statistical. [2] Paul R. Bergin and Robert C. Feenstra. Pricing-to-market, staggered contracts, and real exchange rate persistence. Journal of International Economics, 54(2), August [3] Martin Berka.

Non-linear adjustment in international prices and physical characteristics of goods. Review of International Economics, forthcoming, staggered contracts and pricing to market, Bergin and Feenstra () also explain the same () argue “the persistence in the real exchange rate is essentially determined by persistence of consumption” and that habit persistence, while increasing persistence in.

Abstract. Modelling of the physical characteristics of goods and geography can explain both the puzzling persistence and volatility in the deviations of the international relative. Pricing-to-Market, Staggered Contracts, and Real Exchange Rate Persistence”, ().

Profits, Risk, and Uncertainty in Foreign Exchange Markets”. Pricing to market behaviour and exchange rate passthrough in Japanese exports. Pricing to market in Japanese manufacturing. Pricing-to-market, staggered contracts and real exchange rate persistence. Profit margins and the business cycle: evidence from UK manufacturing firms.

Book. Jan ; Stephen J. Turnovsky Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence We argue that the persistence of real exchange rate. of real exchange rates and shows that realistic levels of volatility, persistence, and hump-shaped responses of real exchange rates can be generated with the NOEM models when the cost-push shock is added to the economy, where the home bias is very strong.1 Analyses of the role of –nancial market imperfection for the real exchange rate dynam.

B ergin, P aul R., and R obert C. F eenstra (), “Pricing-to-Market, Staggered Contracts and Real Exchange Rate Persistence”, Journal of International Economics, 54, pp.

– Article; Google Scholar. P. Bergin, R. FeenstraPricing to market, staggered contracts and real exchange rate persistence Journal of International Economics, 54 (), pp. Google Scholar. The real exchange rate q it, for a country i, is defined as (1) q it ≡e it P t P t F, where e it is the nominal exchange rate (units of foreign currency per unit of domestic currency), P t and (P t F) are aggregate price levels for the domestic and the foreign economy.

1 A rise in q it implies real appreciation.In a similar spirit, Huang and Liu () show that staggered-wage models are better able to generate persistent real responses to monetary shocks than are sticky-price models.