Publication

Exchange rate pass-through, the terms of trade and the trade balance

Murphy, Eithne
Thumbnail Image
Files
Thumbnail Image
paper_0034.pdf
Adobe PDF, 141.89 KB
Identifiers
http://hdl.handle.net/10379/1142
 https://doi.org/10.13025/23078
Publication Date
1999
Keywords
Economics, Trade balance, Terms of trade, Exchange rate pass-through
Type
Working Paper
Downloads
Show all metadata
Citation
Murphy, E. & Lapadre, L. (1999) "Exchange rate pass-through, the terms of trade and the trade balance" (Working Paper No. 0034) Department of Economics, National
Abstract
We show that if exchange rate pass-through is incomplete, a country's terms of trade may move in the same or contrary direction to the nominal value of its currency. Moreover, when the degree of pass-through is endogenous, the trade balance must improve it the currency devalues.
Funder
Publisher
National University of Ireland, Galway
Publisher DOI
Rights
Attribution-NonCommercial-NoDerivs 3.0 Ireland
cbn
Collections
Economics (Working Papers)