New Keynesian Exchange Rate Pass-Through / / David Cook, Woon Choi
(Visualizza in formato marc)
(Visualizza in BIBFRAME)
| Autore: |
Cook David
|
| Titolo: |
New Keynesian Exchange Rate Pass-Through / / David Cook, Woon Choi
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2008 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (27 p.) |
| Disciplina: | 332.450973 |
| Soggetto topico: | Foreign exchange rates - United States - Econometric models |
| Phillips curve - Econometric models | |
| Currency | |
| Deflation | |
| Exchange rate pass-through | |
| Foreign Exchange | |
| Foreign exchange | |
| Import prices | |
| Imports | |
| Inflation | |
| Macroeconomics | |
| Price Level | |
| Prices | |
| Producer prices | |
| Sticky prices | |
| Soggetto geografico: | United States |
| Altri autori: |
ChoiWoon
|
| Note generali: | Description based upon print version of record. |
| Nota di bibliografia: | Includes bibliographical references. |
| Nota di contenuto: | Contents; 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 |
| 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 | |
| Sommario/riassunto: | 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. |
| Titolo autorizzato: | New Keynesian Exchange Rate Pass-Through |
| ISBN: | 1-4623-1442-2 |
| 1-4527-0972-6 | |
| 9786612841644 | |
| 1-4518-7071-X | |
| 1-282-84164-5 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910810967603321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2008/213