Reference : Extensive and intensive margins and exchange rate regimes
Scientific journals : Article
Business & economic sciences : Macroeconomics & monetary economics
Sustainable Development
http://hdl.handle.net/10993/38554
Extensive and intensive margins and exchange rate regimes
English
Picard, Pierre M mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
hamano, masahige [Faculty of Political Science and Economics, Waseda University]
Aug-2017
Canadian Journal of Economics
Wiley-Blackwell
50
3
804-837
Yes (verified by ORBilu)
International
0008-4085
Toronto
United States
[en] This paper studies the costs and benefits of fixed and flexible exchange rate regimes in the presence of endogenous intensive and extensive margins of trade. The net benefit depends on the levels and volatilities of those margins as well as on their correlation with consumers preferences. A fixed exchange rate regime is preferred for sufficiently high labour supply elasticities and lower love for product diversity. Delays between entry and production make fixed exchange rate regimes less attractive.
http://hdl.handle.net/10993/38554

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