intTypePromotion=1
ADSENSE

Measuring Personal Travel and Goods Movement - A Review of the Bureau of Transportation Statistics’ Surveys

Chia sẻ: Zczc Zczx | Ngày: | Loại File: PDF | Số trang:151

69
lượt xem
7
download
 
  Download Vui lòng tải xuống để xem tài liệu đầy đủ

The discussion of the properties of relative international prices has been closely tied with a discussion on the nature of the pricing decisions by ¯rms. 5 The observed slow pass-through of exchange rate changes to consumer prices and deviations from the law of one price for traded goods are consistent with prices of imported goods that are sticky in the currency of the consumer (local currency pricing). This pricing mechanism, however, dampens the expenditure-switching e®ect of nominal exchange rate movements. This e®ect, a central fea- ture of models in which imports are priced in the currency of the seller (producer currency pricing), is consistent with empirical evidence suggesting that...

Chủ đề:
Lưu

Nội dung Text: Measuring Personal Travel and Goods Movement - A Review of the Bureau of Transportation Statistics’ Surveys

ADSENSE

CÓ THỂ BẠN MUỐN DOWNLOAD

 

Đồng bộ tài khoản
2=>2