Investment prices and exchange rates
Subtitle: some basic facts
By: Ariel Burstein, Joao C. Neves, Sergio Rebelo.
Contributors: Neves, João Luís César das.; Rebelo, Sergio.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10238; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10238.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Investments.; Foreign exchange rates.
Description: "This paper documents four basic facts about investment goods and investment prices.  First, investment has a very significant nontradable component in the form of construction services.  Second, distributions services (wholesaling, retailing, and transportation) are much less important for investment than for consumption.  Third, the import content of investment is much larger than that of consumption.  Finally, in the aftermath of three large devaluations, the rate of exchange rate pass-through is, perhaps not surprisingly, highest for imported equipment and lowest for construction services"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
Title from PDF file as viewed on 1/21/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.