This article analyses price shifts after currency devaluation in the Ivory Coast using a time-series modelling approach. Model results identify the liberalisation of the import-rice sector as the key factor for the transmission of price effects. Fixation of the imported rice price as a social compensatory measure hindered the adjustment of prices in the first year after the devaluation. As soon...

The paper analyzes the gender pay gap in private-sector management positions based on German panel data and using fixed-effects models. It deals with the effect of occupational sex segregation on wages, and the extent to which wage penalties for managers in predominantly female occupations are moderated by firm size. Drawing on economic and organizational approaches and the devaluation of women...

Cannabinoid CB1 receptor is abundantly expressed throughout the CNS and is implicated in numerous physiological and behavioral functions, including appetite and feeding. In the present study, wild-type and CB1 heterozygous and homozygous knockout mice were tested on an instrumental outcome-selective devaluation task to assess changes in acquired instrumental response levels for a distinct food ...

This paper estimates a new open economy macroeconomic model for South Korea to determine the output effect of currency devaluations. Three transmission mechanisms are considered: the expenditure-switching, the balance sheet, and a monetary channel associated to a nominal exchange rate target. Devaluations are defined as an increase in this target. This allows to isolate the effects of an explic...

If a person is induced to cease performing a desired action through the threat of punishment, he will experience dissonance. His cognition that he is not performing the action is dissonant with his cognition that the action is desirable. An effective way of reducing dissonance is by derogating the action. The greater the threat of punishment the less the dissonance—since a severe threat is cons...

Implementation and collapse of exchange rate pegging schemes are recurrent events. A currency crisis is often followed by an economic downturn while pegging often begets a boom. In this paper I study why a benevolent central bank should pursue a monetary policy that leads to those recurrent currency crises and subsequent periods of pegging. I show that the optimal policy induces a competitive e...

This paper investigates whether or not the J-curve hypothesis holds in Turkish agricultural sector. The analysis is conducted using the model the most commonly employed in j-curve literature. Based on the data covering the period from 1986: I to 1998: III, our results indicate that, following devaluation, agricultural trade balance initially improves, then worsens, and then improves again. This...