The asymmetric response of domestic prices to changes in import prices: A cointegration test of the rachet effect

Autor:	Hassan Shirvani, Barry Wilbratte
Rok vydání:	1999
Předmět:	Economics and Econometrics Multivariate statistics Empirical research Cointegration Short run Economics Price level Sample (statistics) Monetary economics
Zdroj:	Journal of Macroeconomics. 21:381-396
ISSN:	0164-0704
Popis:	This paper is an empirical study of the possibility that, in the short run, the domestic price level responds asymmetrically to import price changes, using the multivariate cointegration approach. For a sample of five major industrial countries, we find that, in most cases, the general price level rises more readily than it falls.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c31df8251103c5777ac2107500567985 https://doi.org/10.1016/s0164-0704(99)00108-1 Zobrazit plný text záznamu Full Text from ScienceDirect