G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4276
DP4276 Balancedness of Real-Time Hierarchical Resource Allocation
Timothy Van Zandt
发表日期2004-03-23
出版年2004
语种英语
摘要This Paper documents four basic facts about investment goods and investment prices. First, investment has a very significant non-tradable component in the form of construction services. Second, distributions services (wholesaling, retailing, and transportation) are much less important for investment than for consumption. Third, the import content of investment is much larger than that of consumption. Finally, in the aftermath of three large devaluations, the rate of exchange rate pass-through is, perhaps not surprisingly, highest for imported equipment and lowest for construction services.
主题International Macroeconomics
关键词Construction investment Real exchange rate Nominal exchange rate Prices
URLhttps://cepr.org/publications/dp4276
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/533240
推荐引用方式
GB/T 7714
Timothy Van Zandt. DP4276 Balancedness of Real-Time Hierarchical Resource Allocation. 2004.
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