| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4276 |
| 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 |
| URL | https://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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