A macroeconomic model of international price discrimination

Journal of International Economics - Tập 67 - Trang 129-155 - 2005
Giancarlo Corsetti1, Luca Dedola2
1European University Institute and CEPR, Robert Schuman Centre, European University Institute, Via dei Roccettini 9, I-50016, San Domenico di Fiesole, Italy
2European Central Bank and Ente Einaudi, Monetary Policy Research Division, European Central Bank, 66-68 Neue, Mainzer St., D-60311 Frankfurt, Germany

Tài liệu tham khảo

Anderson, 2004, Trade costs, Journal of Economic Literature, XLII, 691, 10.1257/0022051042177649 Bacchetta, P., Van Wincoop, E., 2002. A theory of the currency denomination of international trade. National Bureau of Economic Research Working Paper 9039 (July) and Journal of International Economics. Bergin, 2001, Pricing-to-market, staggered contracts, and real exchange rate persistence, Journal of International Economics, 54, 333, 10.1016/S0022-1996(00)00091-X Burstein, 2003, Distribution costs and real exchange rate dynamics during exchange-rate-based stabilizations, Journal of Monetary Economics, 1189, 10.1016/S0304-3932(03)00075-8 Burstein, A.T., Eichenbaum, M., Rebelo, S., 2003. Large devaluations and the real exchange rate. UCLA and Northwestern University, mimeo. Campa, J.M., Goldberg, L.S., 2004. Exchange rate pass-through into import prices. Center for Economic Policy Research Discussion Paper 4391. Christiano, L.J., Eichenbaum, M., Evans, C., 2001. Nominal rigidities and the dynamic effects of a shock to monetary policy. National Bureau of Economic Research Working Paper 8403 (July). Corsetti, G., Dedola, L., 2002. Macroeconomics of international price discrimination. European Central Bank Working Paper, 176. Corsetti, 2001, Welfare and macroeconomic interdependence, Quarterly Journal of Economics, 116, 421, 10.1162/00335530151144069 Corsetti, G., Pesenti, P., 2001b. International dimensions of optimal monetary policy. National Bureau of Economic Research Working Paper 8230 and Journal of Monetary Economics. Corsetti, 2002, Self-validating optimum currency areas, National Bureau of Economic Research Working Paper, 8783 Corsetti, G., Dedola, L., Leduc, S., 2003. International risk sharing and the transmission of productivity shocks. Federal Reserve Bank of Philadelphia Working Paper No. 03–19 and European Central Bank Working Paper, 308. Corsetti, G., Dedola, L., Leduc, S., 2004. Pass-through and exchange rate fluctuations in a SDGE model of price discrimination and price rigidities. European University Institute, mimeo. Devereux, 2003, Monetary policy in the open economy revisited: price setting and exchange rate flexibility, Review of Economic Studies, 70, 765, 10.1111/1467-937X.00266 Devereux, 2004, Endogenous exchange rate pass-through when nominal prices are set in advance, Journal of International Economics, 63, 263, 10.1016/S0022-1996(03)00074-6 Dornbusch, 1989, Real exchange rates and macroeconomics: a selective survey, Scandinavian Journal of Economics, 91, 401, 10.2307/3440119 Engel, 1999, Accounting for real exchange rate changes, Journal of Political Economy, 107, 507, 10.1086/250070 Engel, 2002, Expenditure switching and exchange-rate policy Engel, 1996, How wide is the border?, American Economic Review, 86, 1112 Gagnon, 1995, Markup adjustment and exchange rate fluctuations: evidence from panel data on automobile exports, Journal of International Money and Finance, 14, 289, 10.1016/0261-5606(94)00004-K Goldberg, 1997, Goods prices and exchange rates: what have we learned?, Journal of Economic Literature, 35, 1243 Goldberg, 2001, The evolution of price dispersion in the European car market, Review of Economic Studies, 68, 811, 10.1111/1467-937X.00191 Knetter, 1989, Price discrimination by U.S. and German exporters, American Economic Review, 79, 198 Knetter, 1993, International comparisons of price-to-market behavior, American Economic Review, 83, 473 Krugman, 1987, Pricing to market when the exchange rate changes, 49 Krugman, 1989 MacDonald, R., Ricci, L., 2001. PPP and the Balassa–Samuelson effect: the role of the distribution sector. University of Strathclyde and IMF, February, mimeo. Marston, 1990, Pricing to market in Japanese manufacturing, Journal of International Economics, 29, 217, 10.1016/0022-1996(90)90031-G Obstfeld, 1996 Obstfeld, 2000, New directions for stochastic open economy models, Journal of International Economics, 50, 117, 10.1016/S0022-1996(99)00034-3 Obstfeld, 2001, The six major puzzles in international macroeconomics: is there a common cause? Rogoff, 1996, The purchasing power parity puzzle, Journal of Economic Literature, 34, 647 Smets, 2003, Monetary policy in an estimated stochastic general equilibrium model for the Euro Area, Journal of the European Economic Association, 1, 1123, 10.1162/154247603770383415 Tirole, 1995