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New Keynesian exchange rate pass-through /

Using the theory of optimal local currency pricing, this paper constructs a structural equation to estimate the rate at which foreign producer prices pass through the local currency prices of imported goods in the U.S. This can be viewed as measuring exchange rate pass-through, in line with price st...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Choi, Woon Gyu, 1960- (Autor), Cook, David, 1966 May 2- (Autor)
Autor Corporativo: IMF Institute
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2008.
Colección:IMF working paper ; WP/08/213.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Choi, Woon Gyu,  |d 1960-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PCjyr7byk34MdQYXWjhMxCP 
245 1 0 |a New Keynesian exchange rate pass-through /  |c prepared by Woon Gyu Choi and David Cook. 
260 |a Washington, D.C. :  |b International Monetary Fund,  |c ©2008. 
300 |a 1 online resource (25 pages) 
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500 |a At head of title: IMF Institute. 
500 |a "September 2008." 
504 |a Includes bibliographical references (pages 20-21). 
520 |a Using the theory of optimal local currency pricing, this paper constructs a structural equation to estimate the rate at which foreign producer prices pass through the local currency prices of imported goods in the U.S. This can be viewed as measuring exchange rate pass-through, in line with price stickiness in the New Keynesian Phillips curve literature. We estimate the structural equation using the generalized methods of moments for consistent estimates of exchange rate pass-through. We find that a model with a mix of local currency pricing and producer currency pricing fits the data best. The estimate of price stickiness in import prices is comparable to existing estimates of domestic price stickiness. 
588 0 |a Print version record. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2011.  |5 MiAaHDL 
538 |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.  |u http://purl.oclc.org/DLF/benchrepro0212  |5 MiAaHDL 
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505 0 |a I. Introduction; II. The Model; III. The Data; Figures; 1. The Trade-Weighted Index of the Relative Prices; 2. U.S. Import Price Inflation and Foreign PPI Inflation; IV. Estimated Results; A. Defining Exchange Rate Pass-through; B. Benchmark Regressions; Tables; 1. Estimation Results of the Pass-Through Effect Model; C. Estimating Pass-Though Effects for a Sub-sample Period; D. Robustness Checks: Alternative Specification; 2. Estimating the Pass-through Effect Model: Alternative Specifications; E. Pass-through Effect Model with a Mix of LCP and PCP 
505 8 |a 3. Estimating the Pass-through Effect Model: A Mix of LCP and PCPF. Regional Models and Country Specific Exports; 4. Regional Pass-through Effect Model: A Mix of LCP and PCP; V. Conclusion; References; Appendix 
546 |a English. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Foreign exchange rates  |z United States  |x Econometric models. 
650 0 |a Phillips curve  |x Econometric models. 
650 6 |a Taux de change  |z États-Unis  |x Modèles économétriques. 
650 6 |a Courbe de Phillips  |x Modèles économétriques. 
650 7 |a Foreign exchange rates  |x Econometric models  |2 fast 
650 7 |a Phillips curve  |x Econometric models  |2 fast 
651 7 |a United States  |2 fast  |1 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq 
650 7 |a Exchange Rate Pass-Through.  |2 stw 
650 7 |a Ungleichgewichtstheorie.  |2 stw 
650 7 |a Theorie.  |2 stw 
700 1 |a Cook, David,  |d 1966 May 2-  |e author.  |1 https://id.oclc.org/worldcat/entity/E39PBJtrXXpQcgPmqpcdk8yw4q 
710 2 |a IMF Institute. 
758 |i has work:  |a New Keynesian exchange rate pass-through (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCFRDf8rtMJrQD4kkfvvFPP  |4 https://id.oclc.org/worldcat/ontology/hasWork 
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830 0 |a IMF working paper ;  |v WP/08/213. 
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