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Neuroinflammation modifies the relationship between stress and perivascular spaces in an elderly population with different levels of cognitive impairment. [PDF]
Sibilia F +4 more
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Exchange rate pass-through for European Union countries. [PDF]
Vo DH, Vu NT.
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Trade and technology from a Schumpeterian perspective. [PDF]
Verspagen, Bart, Wakelin, Katherina
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Polygenic effects on the risk of Alzheimer's disease in the Japanese population. [PDF]
Kikuchi M +15 more
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The Marshall-Lerner condition reconsidered
Economics Letters, 1991Abstract The usual Marshall-Lerner condition a la the price adjustment process is inadequate, and we obtain the true stability condition for international equilibrium. Paradoxical comparative statics results follow naturally for the stable equilibrium, while they all vanish under constant-returns-to-scale.
Toyonari Ide, Akira Takayama
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Marshall-Lerner Condition is Wrong
SSRN Electronic Journal, 2012Many countries found puzzling when devaluation cannot improve their trade account. This paper proves that the theory they rely on is wrong. Depreciation is always harmful, for it reduces imports, exports, and trade profit. The Marshall-Lerner condition, if any, is always equal to one, and has no particular economic meaning.
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