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Devaluation, sticky import prices and trade balance adjustment

Recurso electrónico / electronic resource
Registro MARC
Tag12Valor
LDR  00000cam a2200000 i 4500
001  MAP20070010578
003  MAP
005  20090519115208.0
007  hzrazu---bucu
008  920430s1990 esp 00010 eng
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎921.5
1001 ‎$0‎MAPA20080237486‎$a‎Bacchetta, Philippe
24510‎$a‎Devaluation, sticky import prices and trade balance adjustment‎$c‎by Philippe Bacchetta and Stefan Gerlach
260  ‎$a‎Barcelona‎$b‎ESADE‎$c‎1990
300  ‎$a‎24 p.‎$c‎30 cm
4901 ‎$a‎Papers ESADE‎$v‎40
520  ‎$a‎The devaluation of a currency is usually assumed to improve the trade balance. In the short run, however, there may be a temporary worsening in the nominal trade balance, a J-curve effect, due to a quick adjustment in import prices and a slow reaction of import quantities. Recent empirical evidence, however, shows that import prices do adjust slowly to exchange rate changes.
650 1‎$0‎MAPA20080592578‎$a‎Política de precios
650 1‎$0‎MAPA20080585563‎$a‎Gestión financiera
650 1‎$0‎MAPA20080611262‎$a‎Investigación comercial
650 1‎$0‎MAPA20080545062‎$a‎Precios
650 1‎$0‎MAPA20080617011‎$a‎Exportación e importación
650 1‎$0‎MAPA20080605100‎$a‎Comercio internacional
7001 ‎$0‎MAPA20080132262‎$a‎Gerlach, Stefan
7102 ‎$0‎MAPA20080474515‎$a‎Escuela Superior de Administración y Dirección de Empresas
830 0‎$0‎MAPA20080505486‎$a‎Papers ESADE‎$v‎40