Vai al contenuto principale della pagina

Elasticity Optimism



(Visualizza in formato marc)    (Visualizza in BIBFRAME)

Titolo: Elasticity Optimism Visualizza cluster
Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
Descrizione fisica: 45 p
Soggetto topico: Monetary policy
Economic policy
Exports and Imports
Macroeconomics
Price Level
Inflation
Deflation
Trade: General
Macroeconomics: Consumption
Saving
Wealth
International economics
Price elasticity
Import prices
Price indexes
Imports
Consumption
Prices
Economics
Soggetto geografico: United States
Note generali: Bibliographic Level Mode of Issuance: Monograph
Nota di bibliografia: Include bibliographical references.
Sommario/riassunto: In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate substitutability is a weighted average of good-specific elasticities, which in general cannot be inferred from aggregated data. We identify structurally the substitutability in US goods using multilateral trade data. We impose homogeneity, and find an aggregate elasticity similar in value to conventional macroeconomic estimates. It is more than twice larger with sectoral heterogeneity. We discuss the implications in various areas of international economics.
Titolo autorizzato: Elasticity Optimism  Visualizza cluster
ISBN: 1-4623-3860-7
1-4527-0162-8
1-4518-7424-3
9786612844669
1-282-84466-0
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910788221603321
Lo trovi qui: Univ. Federico II
Opac: Controlla la disponibilità qui
Serie: IMF Working Papers; Working Paper ; ; No. 2009/279