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The Asymmetric Response of Domestic Prices to Changes in Import Prices: A Cointegration Test of the Rachet Effect

  • Shirvani, Hassan
  • Wilbratte, Barry
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    File URL: http://www.sciencedirect.com/science/article/B6X4M-46P9Y9F-3V/2/2ce02fa568ba44de6c334d9785ca3c56
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    Article provided by Elsevier in its journal Journal of Macroeconomics.

    Volume (Year): 21 (1999)
    Issue (Month): 2 (April)
    Pages: 381-396

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    Handle: RePEc:eee:jmacro:v:21:y:1999:i:2:p:381-396
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622617

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    1. Ball, L. & Mankiw, G.H., 1992. "Relative-Price Change as Aggregate Supply Shocks," Harvard Institute of Economic Research Working Papers 1609, Harvard - Institute of Economic Research.
    2. Borenstein, Severin & Cameron, A Colin & Gilbert, Richard, 1997. "Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes?," The Quarterly Journal of Economics, MIT Press, vol. 112(1), pages 305-39, February.
    3. Phillips, P.C.B., 1986. "Understanding spurious regressions in econometrics," Journal of Econometrics, Elsevier, vol. 33(3), pages 311-340, December.
    4. Laurence Ball & N. Gregory Mankiw, 1992. "Asymmetric Price Adjustment and Economic Fluctuations," NBER Working Papers 4089, National Bureau of Economic Research, Inc.
    5. Vogelsang, T.I. & Perron, P., 1991. "Nonstationary and Level Shifts With An Application To Purchasing Power Parity," Papers 359, Princeton, Department of Economics - Econometric Research Program.
    6. Knetter, Michael M., 1994. "Is export price adjustment asymmetric?: evaluating the market share and marketing bottlenecks hypotheses," Journal of International Money and Finance, Elsevier, vol. 13(1), pages 55-70, February.
    7. Rassekh, Farhad & Wilbratte, Barry, 1990. "The Effect of Import Price Changes on Domestic Inflation: An Empirical Test of the Ratchet Effect," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 22(2), pages 263-67, May.
    8. Green, Edward J. & Porter, Robert H., 1982. "Noncooperative Collusion Under Imperfect Price Information," Working Papers 367, California Institute of Technology, Division of the Humanities and Social Sciences.
    9. Claassen, Emil-Maria, 1976. " World Inflation under Flexible Exchange Rates," Scandinavian Journal of Economics, Wiley Blackwell, vol. 78(2), pages 346-65.
    10. Tobin, James, 1972. "Inflation and Unemployment," American Economic Review, American Economic Association, vol. 62(1), pages 1-18, March.
    11. Granger, Clive W J, 1997. "On Modelling the Long Run in Applied Economics," Economic Journal, Royal Economic Society, vol. 107(440), pages 169-77, January.
    12. Jeffrey D. Sachs, 1985. "The Dollar and the Policy Mix: 1985," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 16(1), pages 117-197.
    13. Jeffrey Sachs, 1985. "The Dollar and the Policy Mix: 1985," NBER Working Papers 1636, National Bureau of Economic Research, Inc.
    14. Stanley Fischer, 1981. "Relative Shocks, Relative Price Variability, and Inflation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 12(2), pages 381-442.
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