STICKY IMPORT PRICES AND J-CURVES

被引：4

作者：

BACCHETTA, P

GERLACH, S

机构：

[1] UNIV AUTONOMA BARCELONA,INST ANAL ECON,E-08193 BARCELONA,SPAIN

[2] BANK INT SETTLEMENTS,BASEL,SWITZERLAND

来源：

ECONOMICS LETTERS | 1994年 / 44卷 / 03期

关键词：

D O I：

10.1016/0165-1765(93)00355-R

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：281 / 285

页数：5

共 6 条

[1]

Calvo G.A., 1983, EXCHANGE RATES INT M, P235

[2] STAGGERED PRICES IN A UTILITY-MAXIMIZING FRAMEWORK [J].