The Real Exchange Rate And Prices Of Traded Goods In Oecd Countries Holger Brauer

ISBN: 9783540004301

Published: July 22nd 2003

Hardcover

219 pages


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The Real Exchange Rate And Prices Of Traded Goods In Oecd Countries  by  Holger Brauer

The Real Exchange Rate And Prices Of Traded Goods In Oecd Countries by Holger Brauer
July 22nd 2003 | Hardcover | PDF, EPUB, FB2, DjVu, talking book, mp3, RTF | 219 pages | ISBN: 9783540004301 | 7.28 Mb

Real exchange rate changes - resulting either from shifts in nominal exchange rates or increases in costs that are asymmetric across countries - are the primary focus of this text. The book shows how exchange rates and local production costs areMoreReal exchange rate changes - resulting either from shifts in nominal exchange rates or increases in costs that are asymmetric across countries - are the primary focus of this text.

The book shows how exchange rates and local production costs are passed through into import prices. It is found both analytically and empirically for OECD countries that pass-through is incomplete and the degree of pass-through depends on country and industry characteristics such as production share, market structure, product attributes and demand features. The book also investigates the implications of exchange rate changes for profits, investment and the entry/exit decisions of firms. The main finding is that even though the exchange rate changes have a limited impact on price competitiveness, they do matter for location and investment decisions.



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