Arbeitspapier
Beggar-thy-neighbor or beggar-thyself? The income effect of exchange rate fluctuations
This paper analyzes the impact of exchange rate fluctuations when they are only partially passed through to consumer prices. We show that an exchange rate depreciation does not necessarily have a beggar-thy-neighbor effect and may in fact have an opposite, or beggar-thyself, effect. The direction of the welfare effect depends on who owns the firms importing goods from producers and selling them to consumers, an issue that has not been explored in the earlier literature.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 112
- Klassifikation
-
Wirtschaft
Foreign Exchange
Open Economy Macroeconomics
International Policy Coordination and Transmission
- Thema
-
beggar-thy-neighbor, imports distribution
Wechselkurspolitik
Abwertung
Einkommenseffekt
Exchange Rate Pass-Through
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Tille, Cédric
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Tille, Cédric
- Federal Reserve Bank of New York
Entstanden
- 2000
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