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20% in the U.S. the dollar appreciates strongly, by almost the size of the tax adjustment, U.S. exports and imports … only a weak appreciation of the dollar, a small decline in imports and exports, but has a large negative effect on output …
Persistent link: https://www.econbiz.de/10012453018
A common finding across empirical studies of price adjustment is that there is large heterogeneity in the frequency of price adjustment. However, there is little evidence of how distant prices are from the desired flexible price. Without this evidence, it is difficult to discern what the...
Persistent link: https://www.econbiz.de/10012758567
20% in the U.S. the dollar appreciates strongly, by almost the size of the tax adjustment, U.S. exports and imports … only a weak appreciation of the dollar, a small decline in imports and exports, but has a large negative effect on output …
Persistent link: https://www.econbiz.de/10012917034
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A common finding across empirical studies of price adjustment is that there is large heterogeneity in the frequency of price adjustment. However, there is little evidence of how distant prices are from the desired flexible price. Without this evidence, it is difficult to discern what the...
Persistent link: https://www.econbiz.de/10012464447