Results 251 to 260 of about 64,153 (285)

Exchange rate regimes, banking and the non-tradable sector

Journal of Monetary Economics, 2007
Abstract This paper presents a small-open-economy, two-good version of the Diamond and Dybvig model with cash constraints to analyze the implications on banking of different exchange rate regimes and monetary policies. I show that fixed exchange rates with a Central Bank providing liquidity in local currency imply Pareto efficiency, with conditions ...
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A real business cycle model with tradable and non-tradable goods for the Spanish economy

Economic Modelling, 2014
Abstract Over the last years, the business cycles of the Spanish economy have been analyzed from different points of view. Under the paradigm of the real business cycles, the standard model has been extended in several dimensions. However, none of them have taken into account the fact that in this economy the presence of non-tradable goods is one of ...
José M. Martín-Moreno, Rafaela Pérez, Jesús Ruiz   +2 more
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MONETARY POLICY IN EMU WITH ASYMMETRIC TRANSMISSION AND NON‐TRADABLE GOODS

Scottish Journal of Political Economy, 2007
ABSTRACTWhich policy objective should a central bank pursue in a monetary union with asymmetric monetary transmission and different rates of inflation? Should it base its decisions on the EU‐wide average of inflation and growth or should it instead focus on (appropriately weighted) national utility losses based on national rates of inflation and growth?
Daniel Gros, Carsten Hefeker
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Tradables and non-tradables inflation in Australia and New Zealand [PDF]

, 2007
This article presents a detailed comparison of price changes for non-tradable and tradable items in the CPI across Australia and New Zealand. The main result is that relative price movements in Australia and New Zealand are highly correlated in the medium term, although not in the very short term.
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International Price Comparisons: Methodology and Application to Non-Tradable Goods

SSRN Electronic Journal, 2004
This paper deals with the methodology and interpretation of international price comparisons, focusing specifically on non-traded goods and services. The key difference to traded goods lies in the underlying objective of the comparison. International differences in the prices of traded goods are indicative of potential welfare gains that could be ...
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Explaining International Differences in the Prices of Tradables and Non-Tradables (with a New Zealand Perspective)

SSRN Electronic Journal, 2014
The World Bank‟s International Comparison Program (ICP) data on national price levels for tradables and non-tradables (and goods compared to services) reveals that New Zealand has relatively high prices of both tradables and non-tradables when compared to a sample of over 40 OECD-Eurostat countries (Gemmell, 2013).
Rod Falvey, Norman Gemmell
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Profitability and capital accumulation in Mexico: a first look at tradables and non-tradables based on KLEMS

International Review of Applied Economics, 2018
The article uses the KLEMS database to estimate equations for the rate of private, non-residential capital accumulation in manufacturing, whole tradables, and non-tradables in Mexico during the per...
Carlos A. Ibarra, Jaime Ros
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Controlling Shareholder, Expropriations and Firm's Leverage Decision: Evidence from Chinese Non-Tradable Share Reform

SSRN Electronic Journal, 2011
In this paper we examine the effect of excess control rights on the leverage decisions of Chinese non-SOEs before and after the reforms of non-tradable shares. We identify that both inter-corporate loans and related party transactions are channels through which controlling shareholders expropriate minority shareholders by adopting a policy of excess ...
Liu, Qigui, Tian, Gary
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Tradable and non-tradable inflation in Turkey: asymmetric responses to global factors

Empirical Economics, 2023
Hülya Saygılı, Aysun Türkvatan
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Productivity gap between tradable and non-tradable industries and duality in higher education

2017
Over the last decades, productivity in the tradable sector rose substantially, while in the non-tradable sector, output per worker has remained the same, despite a similar increase in human capital in both sectors. This paper emphasizes that duality in higher education as well as heterogeneous ability of individuals can explain the differences in labor
Brezis, Elise S., Brand, Gilad
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