IMPORT PRICES, EXPORT PRICES AND THE CURRENT ACCOUNT - AN ASYMMETRY

Authors
CHEN LL DEVEREUX J
Citation
Ll. Chen et J. Devereux, IMPORT PRICES, EXPORT PRICES AND THE CURRENT ACCOUNT - AN ASYMMETRY, Economics letters, 44(4), 1994, pp. 415-420
Citations number
11
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
44
Issue
4
Year of publication
1994
Pages
415 - 420
Database
ISI
SICI code
0165-1765(1994)44:4<415:IPEPAT>2.0.ZU;2-I
Abstract
We demonstrate that there is an important asymmetry between the effect s of temporary import and export price shocks on the current account t hat is ignored in theoretical and empirical work. This asymmetry is fo und to hold for U.S. and U.K. data.