How important is the currency denomination of exports in open-economy models?

The authors show that standard alternative assumptions about the currency in which firms price export goods are virtually inconsequential for the properties of aggregate variables, other than the terms of trade, in a quantitative open-economy model. This result is in contrast to a large literature that emphasizes the importance of the currency denomination of exports for the properties of open-economy models.

MoreLess

Year of publication:	2009
Authors:	Dotsey, Michael ; Duarte, Margarida
Institutions:	Federal Reserve Bank of Philadelphia
Subject:	Exports \| Pricing

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 09-32
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008627177