Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
963012 | Journal of International Economics | 2012 | 15 Pages |
Abstract
⺠We examine time variation in the scale of expenditure switching. ⺠We develop a multiâsector twoâandâaâhalfâcountry model. ⺠We estimate the model over two subâsamples, before and after the early 1990s. ⺠U.S. imports and exports have become much less responsive to exchange rates. ⺠Exchange rates have to move by a much larger amount to reduce U.S. trade deficit.
Keywords
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Wei Dong,