| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP379 |
| DP379 Intertemporal Prices and the US Trade Balance in Durable Goods | |
| Michael Burda; Stefan Gerlach | |
| 发表日期 | 1990-03-01 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | This paper shows that virtually all of the rapid worsening of the US trade deficit since 1982 can be attributed to the balance on durable goods. Moreover, this deterioration has been concentrated in capital goods rather than consumer durables intertemporal prices play a key role in the behaviouring or automobiles. In the context of a simple model, we show that the trade balance in durables (but not in nondurables) durables is the role of intertemporal prices in the latter. This result suggests that the deficit on durables may be due to a reduction of their intertemporal prices associated with, among other things, the temporary appreciation of the dollar in the early 1980s. The key role of intertemporal prices is confirmed by our econometric findings. |
| 主题 | International Macroeconomics |
| 关键词 | Durable goods Intertemporal prices Trade balance |
| URL | https://cepr.org/publications/dp379 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529534 |
| 推荐引用方式 GB/T 7714 | Michael Burda,Stefan Gerlach. DP379 Intertemporal Prices and the US Trade Balance in Durable Goods. 1990. |
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