Sticky Import Prices and J-curves

Details

Serval ID
serval:BIB_7C4970CD1E53
Type
Article: article from journal or magazin.
Collection
Publications
Title
Sticky Import Prices and J-curves
Journal
Economics Letters
Author(s)
Bacchetta P., Gerlach S.
ISSN
0165-1765
Publication state
Published
Issued date
1994
Peer-reviewed
Oui
Volume
44
Number
3
Pages
281-285
Language
english
Abstract
We show that devaluations lead to a J-curve when imported goods are durable and import prices adjust slowly to exchange rate changes. The J-curve effect is caused by intertemporal speculation as import prices are low relative to future prices immediately after a devaluation.
Web of science
Create date
30/03/2009 14:07
Last modification date
20/08/2019 15:37
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