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Adjustment to Variations in Imported Input Prices
Louka T. Katseli
Nancy Peregrim Marion
其他書名
The Role of Economic Structure
出版
National Bureau of Economic Research
, 1980
URL
http://books.google.com.hk/books?id=Xi_9PgAACAAJ&hl=&source=gbs_api
註釋
This paper introduces an imported input into a model of art open economy with developed financial markets, a flexible exchange rate, and some degree of market power on the export side. The model is designed to investigate the impact of an increase in imported input prices on the exchange rate, domestic interest rate, income and nontraded-goods prices. The analysis reveals that changes in various structural parameters, such as the degree of market power or the extent of demand-side openness" or "financial openness," alter the transmission of foreign price disturbances to the domestic economy