The New Open Economy Macroeconomics of Exchange Rate Pass-Through and Foreign Direct Investment
New
Book Details
Format
Paperback / Softback
ISBN-10
3631585675
ISBN-13
9783631585672
Edition
New
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Jun 26th, 2009
Print length
158 Pages
Weight
234 grams
Dimensions
15.00 x 20.90 x 1.40 cms
Product Classification:
Economic theory & philosophyMonetary economics
Ksh 9,250.00
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Recent developments in international economics have resulted in a research agenda labelled as the «New Open Economy Macroeconomics» (NOEM). This book provides a description of the baseline model and discusses open questions in the literature. Two price setting assumptions can be distinguished, the producer currency price setting and the local currency price setting with crucial difference according to the transmission process. The study examines the presence of either price setting assumptions on an empirical basis, the analysis of German exporters and the reaction of import prices in response to exchange rate changes. Finally the traditional NOEM model structure is enriched by introducing foreign direct investment effects.
Recent developments in international economics have resulted in a research agenda labelled as the «New Open Economy Macroeconomics» (NOEM). This book provides a description of the baseline model and discusses open questions in the literature. Two price setting assumptions can be distinguished, the producer currency price setting and the local currency price setting with crucial difference according to the transmission process. The study examines the presence of either price setting assumptions on an empirical basis, the analysis of German exporters and the reaction of import prices in response to exchange rate changes. Finally the traditional NOEM model structure is enriched by introducing foreign direct investment effects.
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