How important is the currency denomination of exports in open-economy models?

Michael Dotsey and Margarida Duarte

No 09-32, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: The authors show that standard alternative assumptions about the currency in which firms price export goods are virtually inconsequential for the properties of aggregate variables, other than the terms of trade, in a quantitative open-economy model. This result is in contrast to a large literature that emphasizes the importance of the currency denomination of exports for the properties of open-economy models.

Keywords: Exports; Pricing (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-cba, nep-dge, nep-int and nep-opm
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: How Important is the Currency Denomination of Exports in Open Economy Models? (2017)
Working Paper: How Important is the Currency Denomination of Exports in Open Economy Models? (2011)
Working Paper: How Important is the Currency Denomination of Exports in Open-Economy Models? (2009)
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