G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2969
DP2969 Liquidity Traps with Global Taylor Rules
Martín Uribe; Stephanie Schmitt-Grohé
发表日期2001-09-26
出版年2001
语种英语
摘要This Paper studies the role played by distribution costs in shaping the behaviour of the real exchange rate during exchange-rate-based stabilizations. We document that distribution costs are very large for the average consumer good: the represent more than 40% of the retail price in the US and 60% of the retail price in Argentina. Distribution services require local labour and so so they drive a natural wedge between retail prices in different countries. We show that introducing a distribution sector in an otherwise standard model of exchange-rate-based stabilizations dramatically improves its ability to rationalise observed real exchange rate dynamics.
主题International Macroeconomics
关键词Real exchange rate Distribution inflation Stabilization Fixed exchange rates
URLhttps://cepr.org/publications/dp2969
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/532000
推荐引用方式
GB/T 7714
Martín Uribe,Stephanie Schmitt-Grohé. DP2969 Liquidity Traps with Global Taylor Rules. 2001.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Martín Uribe]的文章
[Stephanie Schmitt-Grohé]的文章
百度学术
百度学术中相似的文章
[Martín Uribe]的文章
[Stephanie Schmitt-Grohé]的文章
必应学术
必应学术中相似的文章
[Martín Uribe]的文章
[Stephanie Schmitt-Grohé]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。