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Exchange rates, export pricing and the frequency of price adjustment : an analysis of newsstand prices of magazines
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Florence : European University Institute, 1996
EUI; ECO; PhD Thesis
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HUERTAS-RUBIO, Alfredo, Exchange rates, export pricing and the frequency of price adjustment : an analysis of newsstand prices of magazines, Florence : European University Institute, 1996, EUI, ECO, PhD Thesis - https://hdl.handle.net/1814/4961
Abstract
After much theoretical study, economists have recently switched their interest to the empirical analysis of product markets. This empirical “renaissance’ in industrial economics, as was pointed out by Breshnaham and Schmalensee (1987) and Kirman and Fillips (1993), has been made possible by, on one hand, advances in economic theory in the 1980s. which provided sound theoretical foundations, and on the other, by the development of more sophisticated empirical techniques which cased the quantitative analysis of the data, as well as the availability of new and better datasets. The present dissertation belongs to this new stream of industrial economics, and studies one of those issues which have received both theoretical and empirical attention, namely the transmission of nominal exchange rate fluctuations to import and export prices, also known as pass-through from exchange rate changes into prices. Primarily focused on the link between these two variables at aggregate level, this thesis concentrates on the microeconomic aspects of this relationship at firm level, giving more attention to the empirical tests of the explanations in use. These two aspects notwithstanding, it was surely the search of data, needed to produce an empirical work at firm level, which greatly influenced the final direction of this work. At this level of disaggregation, data was not easily available. Nonetheless. Alan Kirman’s suggestion, of the possibility of studying the price behaviour of The Economist newspaper across countries, decisively pushed this investigation ahead, and was proved to be, as is shown later, a good one.
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Examining board: Prof. Michael Knetter, Dartmouth College, Hanover ; Prof. Alan Kirman, EUI and GREQAM Marseille, Supervisor ; Prof. Stephen Martin, EUI and University of Copenhagen ; Prof. Jordi Gual, European Commission, Brussels ; Prof. Eytan Sheshinski, Hebrew University of Jeruzalem
Defence date: 24 June 1996
PDF of thesis uploaded from the Library digitised archive of EUI PhD theses completed between 2013 and 2017
First made available in Open Access: 21 May 2024
Defence date: 24 June 1996
PDF of thesis uploaded from the Library digitised archive of EUI PhD theses completed between 2013 and 2017
First made available in Open Access: 21 May 2024