A unified framework for analysing price interdependence, innovative activity and exchange rate pass-through

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• 作者：Sophocles N. Brissimis ; Theodora S. Kosma
• 关键词：F39 ; L13 ; O31
• 刊名：Economics Letters
• 出版年：February, 2014
• 年：2014
• 卷：122
• 期：2
• 页码：159-162
• 全文大小：340 K

文摘

This paper develops an international oligopoly model in which domestic and foreign firms simultaneously choose their price and innovation strategies under the assumption of non-zero conjectural variations in relation to their competitors鈥?price changes. The model captures the links between the exchange rate, foreign and domestic firms鈥?prices and investment in process innovation and provides a unified framework for analysing exchange rate pass-through.