Devaluation, sticky import prices and trade balance adjustment

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<title>Devaluation, sticky import prices and trade balance adjustment</title>
</titleInfo>
<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080237486">
<namePart>Bacchetta, Philippe</namePart>
<nameIdentifier>MAPA20080237486</nameIdentifier>
</name>
<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080132262">
<namePart>Gerlach, Stefan</namePart>
<nameIdentifier>MAPA20080132262</nameIdentifier>
</name>
<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080474515">
<namePart>Escuela Superior de Administración y Dirección de Empresas</namePart>
<nameIdentifier>MAPA20080474515</nameIdentifier>
</name>
<typeOfResource>text</typeOfResource>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">esp</placeTerm>
</place>
<issuance>monographic</issuance>
<place>
<placeTerm type="text">Barcelona</placeTerm>
</place>
<publisher>ESADE</publisher>
<dateIssued>1990</dateIssued>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
<form authority="marccategory">microform</form>
<extent>24 p. 30 cm</extent>
</physicalDescription>
<abstract displayLabel="Summary">The 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.</abstract>
<note type="statement of responsibility">by Philippe Bacchetta and Stefan Gerlach</note>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080592578">
<topic>Política de precios</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080585563">
<topic>Gestión financiera</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080611262">
<topic>Investigación comercial</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080545062">
<topic>Precios</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080617011">
<topic>Exportación e importación</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080605100">
<topic>Comercio internacional</topic>
</subject>
<classification authority="">921.5</classification>
<relatedItem type="series" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080505486">
<titleInfo>
<title>Papers ESADE</title>
<partNumber>40</partNumber>
</titleInfo>
</relatedItem>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">920430</recordCreationDate>
<recordChangeDate encoding="iso8601">20090519115208.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20070010578</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>