| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7862 |
| 来源ID | Working Paper 7862 |
| Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based-Stabilizations | |
| Ariel T. Burstein; Joao C. Neves; Sergio Rebelo | |
| 发表日期 | 2000-08-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper studies the role played by the distribution sector in shaping the behavior of the real exchange rate during exchange-rate-based-stabilizations. We use data for the U.S. and Argentina to document the importance of distribution margins in retail prices and disaggregated price data to study price dynamics in the aftermath of Argentina's 1991 Convertibility plan. Distribution services require local labor and land so they drive a natural wedge between retail prices in different countries. We study in detail the impact of introducing a distribution sector in an otherwise standard model of exchange-rate-based-stabilizations. We show that this simple extension improves dramatically the ability of the model to rationalize observed real exchange rate dynamics. |
| 主题 | International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w7862 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565441 |
| 推荐引用方式 GB/T 7714 | Ariel T. Burstein,Joao C. Neves,Sergio Rebelo. Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based-Stabilizations. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7862.pdf（498KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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