| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3565 |
| DP3565 Vertical Integration and Distance to Frontier | |
| Philippe Aghion; Daron Acemoğlu; Fabrizio Zilibotti | |
| 发表日期 | 2002-10-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | The New Open Economy Macroeconomics has allowed economists to tackle classical problems with new tools, while also generating new ideas and questions. In their attempts to make the new models capture empirical regularities, researchers have entertained a variety of assumptions about the international pricing of goods, notably, models of pricing to market and destination-currency pricing of exports. Some of the resulting models imply that exchange-rate changes lack international expenditure-switching effects, and they thus appear to call for a radical rethinking of the role of exchange rates in international adjustment. This Paper argues that the recent resurgence of exchange-rate pessimism stems from oversimplified modeling strategies rather than from evidence. Like earlier episodes starting with the extreme ?elasticity pessimism? of the early postwar era, it is based on a misinterpretation of the empirical record. |
| 主题 | International Macroeconomics |
| 关键词 | Exchange rate policy International adjustment Expenditure-switching effects Elasticity pessimism International competitiveness |
| URL | https://cepr.org/publications/dp3565 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532573 |
| 推荐引用方式 GB/T 7714 | Philippe Aghion,Daron Acemoğlu,Fabrizio Zilibotti. DP3565 Vertical Integration and Distance to Frontier. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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