qualitydemand estimationThis paper uses a uniquely granular online retail dataset that spans Russia's enormous currency depreciation in late 2014 to show that firms choose to offer lowdoi:10.2139/ssrn.2855920Daniel GoetzAlexander RodnyanskySocial Science Electronic Publishing...
Consistent with previous studies, we found an incomplete exchange rate pass-through (ERPT) into consumer prices, even a year after the initial shock. ... I Kim,J Konings,J Lee - 《Microeconomics Production》 被引量: 0发表: 2021年 Exchange Rate Shocks and Quality Adjustments Do firms respond...
With this rich data, we derive a risk index that measures each firm’s exposure to exchange rate shocks, which is a function of the firm’s trading activities across currency areas, and the magnitude of the variability of the exchange rate. Firms differ in their international composition of ...
Besides, the RMB exchange rate would be more flexible, market entities would be more capable of managing exchange rate risks, and the role of exchange rate adjustments as an automatic stabilizer for adjustment of international payments and macroeconomy will become increasingly apparent. ...
One of the advantages of our approach is its authorization of asymmetric variance and covariance effects; the significant coefficients in vector g indicate that the conditional variance is higher after shocks that are large in absolute value. The significant coefficients in g have a negative sign, ...
To minimize such foreign-related shocks to the domestic price level, the more open economy tends to follow a pegged exchange rate. Countries that choose higher rates of inflation than their trading partners will have difficulty maintaining an exchange rate peg. We find, in fact, that countries ...
Due to the additional trust and commitment they imply, multiplex ties may also be more resistant to shocks and strains and often enhance overall network cohesion [62].5 Organizations that are highly involved on multiple layers in a multiplex network may play important lynchpin roles in the ...
IMPACT OF USA AND CHINESE EXCHANGE RATE SHOCKS ON MACROECONOMIC FUNDAMENTALS OF ASEAN 3 3 COUNTRIES: The Combine Forecasting Analysis This paper investigates whether the RMB is in the process of replacing the US dollar as the anchor currency in nine ASEAN countries, and also the linkages ... JU...
exchange rate regime. The exchange rate is measured by the real effective exchange rate and exchange rate misalignment. The results of the intensive margin show that a depreciation of the real exchange rate (RER) increases the value of exports without affecting the quantity of exports, highlighting...
Partial pass-through for the U.S.: When the dollar depreciates by 10%, import prices measured in dollars rise by between 3% and 4% for consumers. This incomplete pass-through helps insulate the U.S. economy from exchange rate shocks.9 U.S. monetary policy dominates: The above also ...