We review the effects of a dollar appreciation on U.S. inflation, and on U.S. import and export prices. We calibrate the effects to match the 15 percent dollar appreciation that has occurred since June 2014. Pass-through into import prices and consumer prices is modest. Specifically, a 15 percent dollar appreciation should reduce consumer prices by a quarter of a percentage point in the short r...

he Asian currency crisis of 1997-98 was characterized by an abrupt reversal of foreign capital flows. Before the crisis, foreign capital inflows had allowed the crisis countries to attain a higher level of investment spending than could have been supported by domestic saving alone. Domestic and foreign investors suddenly lost confidence, liquidating their local asset holdings, and moving their ...

Today export diversification has become one of the most important economic objectives of development strategies in the developing countries. For various reasons, such as preventing instability in export prices of primary products in global markets, reducing fluctuations in exchanges of them compared with industrial goods, producing dynamic benefits resulted from exporting various goods and incr...

I explore variation in price and export status in industries where I can estimate product quality and technical efficiency separately. The empirical results show that prices are increasing in quality and decreasing in efficiency and that selection into exporting is driven mainly by quality. Firms export because they generate more demand for their products, not because they can produce at lower ...

Forest-land managers use price data and market analysis to form expectations and make informed management decisions. There is an abundance of price data for sawtimber, but for nonsawtimber, the availability of price data is limited. This constrains the ability of forest-land managers to form reasonable price expectations for stands that contain both sawtimber and nonsawtimber. In this paper, I ...

Primary commodities are important exports for Fiji, contributing around 60 to 65 percent to total export receipts. Prices of primary commodities have been very unstable, subject to both secular and temporary fluctuations, which in turn, has given rise to unevenness in the value of export earnings and reserve levels. To date, there has not been any empirical evidence on the influence of commodit...

This paper elucidates the impacts of the September 2005 foot and mouth disease outbreak on the Brazilian meat market for different levels of the industry (export, wholesale, and farm). The associated import ban by Russia on Brazilian meat exports is also analyzed. Results suggest that the increase in domestic supply due to the import ban generated downward pressure on prices at all levels for p...

The objective of this study is to measure the effect of global policy reforms on rice trade, prices, and economic welfare. The Doha Round of multilateral trade negotiations aims to increase market access, and reduce or eliminate export subsidies and trade distorting domestic price supports. Two modeling frameworks are used to estimate trade, price and economic welfare effects of policy reforms....