کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
964272 1479185 2011 23 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The international transmission of monetary shocks across developed countries: The role of imported raw materials
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The international transmission of monetary shocks across developed countries: The role of imported raw materials
چکیده انگلیسی

This paper analyzes the implications of a production technology in developed countries (DC) characterized by the share of imported raw materials coming from the less developed countries (LDC). We focus on the question of how this richer productive structure affects the international transmission of a monetary shock across developed countries. In this context, it is shown that (i) the share of raw materials and/or its low substitutability is a source of exchange rate volatility. (ii) Welfare transmission depends critically on the extent of their share in production. (iii) Sufficiently high shares of imported raw materials in the DC production functions explain better positive co-movements between DC outputs.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 30, Issue 8, December 2011, Pages 1791–1813
نویسندگان
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