The Experts below are selected from a list of 22986 Experts worldwide ranked by ideXlab platform
Christopher B Barrett - One of the best experts on this subject based on the ideXlab platform.
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the effects of real exchange rate depreciation on stochastic Producer Prices in low income agriculture
Social Science Research Network, 1999Co-Authors: Christopher B BarrettAbstract:This paper considers the effects of real exchange rate depreciation on stochastic agricultural Producer Prices in low-income agriculture. Conventional wisdom, that real depreciation achieved through nominal currency devaluation stimulates tradables production, does not universally hold in the presence of stochastic Prices. In fact, real depreciation is only stimulative in two cases ± importables that remain importable and nontradables that become exportable. GARCH estimation of time-series price data on several commodities from Madagascar support the hypotheses generated by the analytical model.
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the effects of real exchange rate depreciation on stochastic Producer Prices in low income agriculture
Economics Research Institute ERI Study Papers, 1998Co-Authors: Christopher B BarrettAbstract:This paper considers the effects of real exchange rate depreciation on stochastic agricultural Producer Prices in low-income agriculture. Conventional wisdom, that real depreciation achieved through nominal currency devaluation stimulates tradables production, does not universally hold in the presence of stochastic Prices. In fact, real depreciation is only stimulative in two cases - importables that remain importable and nontradables that become exportable. GARCH estimation of time-series price data on several commodities from Madagascar support the hypotheses generated by the analytical model. © 1999 Elsevier Science B.V. All rights reserved. (This abstract was borrowed from another version of this item.)
Colin Ellis - One of the best experts on this subject based on the ideXlab platform.
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how do individual uk Producer Prices behave
The Economic Journal, 2012Co-Authors: Philip Bunn, Colin EllisAbstract:This article presents a number of stylised facts about the behaviour of individual UK Producer Prices. First, on average 26% of Prices change each month, although there is considerable heterogeneity between sectors. Second, the probability of price changes is not constant over time. Third, the distribution of price changes is wide, although a significant number of changes are relatively small. Fourth, Prices that change more frequently do so by less. Conventional pricing theories struggle to match these results, particularly the marked heterogeneity.
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how do individual uk Producer Prices behave
Research Papers in Economics, 2010Co-Authors: Philip Bunn, Colin EllisAbstract:This paper examines the behaviour of individual Producer Prices in the United Kingdom, and uncovers a number of stylised facts about pricing behaviour. First, on average 26% of Producer Prices change each month, although there is considerable heterogeneity between sectors and price changes occur less frequently when measured by the average for individual products. Second, the probability of price changes is not constant over time: Prices are most likely to change one, four and twelve months after they were previously set. Third, the distribution of price changes is wide, although a significant number of changes are relatively small and close to zero. Fourth, Prices that change more frequently tend to do so by less. And fifth, price changes are much less persistent at the disaggregated level than aggregate inflation data imply. We find that conventional pricing theories struggle to match these results, particularly the marked heterogeneity.
Philip Bunn - One of the best experts on this subject based on the ideXlab platform.
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how do individual uk Producer Prices behave
The Economic Journal, 2012Co-Authors: Philip Bunn, Colin EllisAbstract:This article presents a number of stylised facts about the behaviour of individual UK Producer Prices. First, on average 26% of Prices change each month, although there is considerable heterogeneity between sectors. Second, the probability of price changes is not constant over time. Third, the distribution of price changes is wide, although a significant number of changes are relatively small. Fourth, Prices that change more frequently do so by less. Conventional pricing theories struggle to match these results, particularly the marked heterogeneity.
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how do individual uk Producer Prices behave
Research Papers in Economics, 2010Co-Authors: Philip Bunn, Colin EllisAbstract:This paper examines the behaviour of individual Producer Prices in the United Kingdom, and uncovers a number of stylised facts about pricing behaviour. First, on average 26% of Producer Prices change each month, although there is considerable heterogeneity between sectors and price changes occur less frequently when measured by the average for individual products. Second, the probability of price changes is not constant over time: Prices are most likely to change one, four and twelve months after they were previously set. Third, the distribution of price changes is wide, although a significant number of changes are relatively small and close to zero. Fourth, Prices that change more frequently tend to do so by less. And fifth, price changes are much less persistent at the disaggregated level than aggregate inflation data imply. We find that conventional pricing theories struggle to match these results, particularly the marked heterogeneity.
Ben Tomlin - One of the best experts on this subject based on the ideXlab platform.
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pricing to market currency invoicing and exchange rate pass through to Producer Prices
Journal of International Money and Finance, 2015Co-Authors: Shutao Cao, Wei Dong, Ben TomlinAbstract:Abstract In this paper, we examine Producer Prices to shed light on a number of outstanding issues in the understanding of price adjustment in the face of fluctuating exchange rates. First, we provide results that link two closely related literatures on firm characteristics and exchange rate pass-through, and currency of invoicing and pass-through. We show that there is significant within- and across-industry heterogeneity in the currency of invoice of exports of Canadian goods to the U.S. and, further, in the degree of pass-through to Producer Prices. Next, we exploit the fact that we observe firms that sell the same good to both the domestic and export markets, often in different currencies, to difference out the common marginal cost component of the Prices. This allows us to relate markups to exchange rate movements and we find evidence that pricing-to-market is most prominent when firms are setting export Prices in U.S. dollars.
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the sensitivity of Producer Prices to exchange rates insights from micro data
Research Papers in Economics, 2012Co-Authors: Ben Tomlin, Shutao Cao, Wei DongAbstract:Les auteurs etudient la sensibilite des prix a la production canadiens au taux de change Canada–Etats-Unis. A l’aide d’un ensemble de donnees sur les prix ventilees par produit, ils estiment et analysent l’incidence des mouvements du taux de change sur les prix a la production des biens destines au marche interieur et des biens exportes.
Luis J Alvarez - One of the best experts on this subject based on the ideXlab platform.
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price setting behaviour in spain evidence from micro ppi data
Managerial and Decision Economics, 2010Co-Authors: Luis J Alvarez, Pablo Burriel, Ignacio HernandoAbstract:This paper explores the key features of manufacturing price-setting behaviour in Spain using an extensive micro Producer Price Index data set. The main focus is placed on the impact on the frequency of price adjustment of some explanatory variables, including the cost structure, degree of market competition, demand conditions and inflationary pressures. All these factors are found to explain cross industry heterogeneity in price stickiness. A comparison of consumer and Producer price-setting practices is also presented to ascertain the role of the retail sector in explaining price stickiness. We find some evidence that Producer Prices are more flexible than consumer Prices. Copyright © 2010 John Wiley & Sons, Ltd.
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sticky Prices in the euro area a summary of new micro evidence
Journal of the European Economic Association, 2006Co-Authors: Luis J Alvarez, Roberto Sabbatini, Emmanuel Dhyne, Marco Hoeberichts, Claudia Kwapil, Herve Le Bihan, Patrick Lunnemann, Fernando Martins, Harald Stahl, Philip VermeulenAbstract:This paper summarises the vast evidence on micro price-setting recently obtained for euro area countries. We consider studies with micro data on consumer and Producer Prices, as well as survey information. The main findings are: (1) Prices in the euro area are sticky and stickier than in the US; (2) downward price rigidity is only slightly more marked than upward price rigidity; (3) heterogeneity and asymmetries are observed in price-setting; and (4) the relevance of theories that explain price stickiness, such as implicit or explicit contracts, marginal costs, and coordination failure, is confirmed, whereas menu costs, pricing thresholds, and costly information explanations are judged much less relevant by firms. (JEL: C25, D40, E31)
