"Beggar-thy-neighbor" or "Beggar-thyself"?
Subtitle: the income effect of exchange rate fluctuations
By: Cédric Tille.
Contributors: Federal Reserve Bank of New York.
Series: Staff reports ;; no. 112; Staff reports (Federal Reserve Bank of New York : Online) ;; no. 112.
Publisher: Federal Reserve Bank of New York
Published: 2000
Place of publication: [New York, N.Y.]
Language: eng
Format: Electronic resource
Subjects: Foreign exchange rates -- Econometric models.; Consumer price indexes -- Econometric models.; Money market -- Econometric models.; Consumption (Economics)
Description: "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"--Federal Reserve Bank of New York web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 2/22/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.