The New Open Economy Macroeconomics of Exchange Rate Pass-Through and Foreign Direct Investment

by Christoph Swonke | 26 June 2009
PAPERBACK
Category: Economics
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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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.
Currently out of stock
Delivery 5-7 Days
Eligible for free delivery
163 Reward Points

Any purchases for more than €10 are eligible for free delivery anywhere in the UK or Ireland!

€54.53
Currently out of stock
Delivery 5-7 Days
Eligible for free delivery
163 Reward Points

Any purchases for more than €10 are eligible for free delivery anywhere in the UK or Ireland!

Product Description

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.

Product Details

The New Open Economy Macroeconomics of Exchange Rate Pass-Through and Foreign Direct Investment

ISBN9783631585672

FormatPAPERBACK

Publisher (26 June. 2009)

No. of Pages158

Weight230

Language English (United States)

Dimensions 210 x 148 x 14