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Adjustment to Variations in Imported Input Prices: The Role of Economic Structure / Louka T. Katseli, Nancy Peregrim Marion.
- Format:
- Book
- Author/Creator:
- Katseli, Louka T.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w0501.
- NBER working paper series no. w0501
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Adjustment to Variations in Imported Input Prices
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1980.
- Summary:
- 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.
- Notes:
- Print version record
- July 1980.
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