Reforms and the Real Exchange Rate: The Role of Pricing-to-Market
The paper investigates how endogenous markups affect the extent to which policy reforms can influence international competitiveness. In a two-country model where trade costs allow for international market segmentation, we show that endogenous pricing-to-market behavior of firms acts as an important...
|Place of publication:||
HAL CCSD 01.10.2018
|Data of publication:||2018-10-01|
|Online Access:||available in Bonn?|
|Database:||OpenAIRE (Open Access)
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