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Adjustment to Variations in Imported Input Prices: The Role of Economic Structure

Louka T. Katseli, Nancy Peregrim Marion

NBER Working Paper No. 501
Issued in July 1980
NBER Program(s):The International Trade and Investment Program, The International Finance and Macroeconomics Program

This paper introduces an imported input into a model of art open economy with developed financial markets, a flexible exchange rate, and some degree of market power on the export side. The model is designed to investigate the impact of an increase in imported input prices on the exchange rate, domestic interest rate, income and nontraded-goods prices. The analysis reveals that changes in various structural parameters, such as the degree of market power or the extent of demand-side openness" or "financial openness," alter the transmission of foreign price disturbances to the domestic economy.

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Document Object Identifier (DOI): 10.3386/w0501

Published: Katseli-Papaefstratiou, L. and Marion, Nancy Peregrim. "Adjustment to Variations in Imported Input Prices: The Role of Economic Structure." Weltwirtschaftliches Archiv (Review of World Economics), Vol. 1, No. (Band) 118, (1982), pp. 131-147.

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