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Persistent link: https://www.econbiz.de/10005721220
Coordination of macroeconomic policy has been a major topic at recent summit meetings, and has been the subject of a number of theoretical studies. However, relatively little empirical research exists on policy coordination. This paper is an attempt to help fill this gap. The paper considers the...
Persistent link: https://www.econbiz.de/10005372624
any precision. This paper offers the first analysis ofthat role using data since 1890 for Canada, Japan, and the United …
Persistent link: https://www.econbiz.de/10005368475
This paper focuses on price discrimination in international trade that is associated with movements in exchange rates. This phenomenon is referred to as "pricing to market." We find strong evidence of pricing to market for Japanese exports of automobiles. We find moderate evidence of such...
Persistent link: https://www.econbiz.de/10005368412
This paper develops measures of long-run equilibrium price levels (P*) for Japan and Germany following the approach … in the U.S. case because the velocities of the broad monetary aggregates (M2+CDs in Japan and M3 in Germany) exhibit … money demand to construct measures of equilibrium velocity and P for Japan and Germany. We then assess the explanatory power …
Persistent link: https://www.econbiz.de/10005368454
model with rational expectations. MX3 is a medium-sized quarterly model of the United States, Japan, and West Germany. The …
Persistent link: https://www.econbiz.de/10005498864
This paper investigates term premia behavior in U.S., German, and Japanese markets. Onshore returns are evaluated in order to focus on the co-movement of the term premia across a set of potentially heterogeneous markets. The paper extends the work of Campbell and Clarida [1987], who find that...
Persistent link: https://www.econbiz.de/10005712706
Persistent link: https://www.econbiz.de/10005420064
Persistent link: https://www.econbiz.de/10008616987
Persistent link: https://www.econbiz.de/10008616988