Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/60581
Authors: 
Tille, Cédric
Year of Publication: 
2000
Series/Report no.: 
Staff Report, Federal Reserve Bank of New York 112
Abstract: 
This paper analyzes the impact of exchange rate fluctuations when they are only partially passed through to consumer prices. We show that an exchange rate depreciation does not necessarily have a beggar-thy-neighbor effect and may in fact have an opposite, or beggar-thyself, effect. The direction of the welfare effect depends on who owns the firms importing goods from producers and selling them to consumers, an issue that has not been explored in the earlier literature.
Subjects: 
beggar-thy-neighbor, imports distribution
JEL: 
F31
F41
F42
Document Type: 
Working Paper

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