Normal view MARC view

Intertemporal prices and the US trade balance

Author: Burda, Michael C. ; Gerlach, StefanINSEAD Area: Economics and Political ScienceIn: American Economic Review, vol. 82, no. 5, December 1992 Language: EnglishDescription: p. 1234-1253.Type of document: INSEAD ArticleNote: Please ask the Library for this articleAbstract: The deterioration of the US merchandise trade deficit in the 1980s fell mostly on durable goods. Using a representative agent model, we show that the key distinction between the trade balance in non-durables is the role of intertemporal prices associated, for example, with an exchange rate overvaluation should therefore be expected to worsen the trade balance in durables more than in non-durables. This interpretation of the composiional changes of the US trade balance is supported by our econometric findings
Tags: No tags from this library for this title. Add tag(s)
Log in to add tags.
Item type Current location Call number Status Date due
INSEAD Article Doriot Library
Available

Please ask the Library for this article

The deterioration of the US merchandise trade deficit in the 1980s fell mostly on durable goods. Using a representative agent model, we show that the key distinction between the trade balance in non-durables is the role of intertemporal prices associated, for example, with an exchange rate overvaluation should therefore be expected to worsen the trade balance in durables more than in non-durables. This interpretation of the composiional changes of the US trade balance is supported by our econometric findings

Digitized

There are no comments for this item.

Log in to your account to post a comment.
Koha 3.18 - INSEAD Library Catalogue
Library Home | Contact Us | What's Koha?