Arbeitspapier
Beggar-thy-neighbor or beggar-thyself? The income effect of exchange rate fluctuations
This paper analyzes the impact of exchange rate fluctuations when they are only partially passed through to consumer prices. We show that an exchange rate depreciation does not necessarily have a beggar-thy-neighbor effect and may in fact have an opposite, or beggar-thyself, effect. The direction of the welfare effect depends on who owns the firms importing goods from producers and selling them to consumers, an issue that has not been explored in the earlier literature.
- Language
-
Englisch
- Bibliographic citation
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Series: Staff Report ; No. 112
- Classification
-
Wirtschaft
Foreign Exchange
Open Economy Macroeconomics
International Policy Coordination and Transmission
- Subject
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beggar-thy-neighbor, imports distribution
Wechselkurspolitik
Abwertung
Einkommenseffekt
Exchange Rate Pass-Through
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Tille, Cédric
- Event
-
Veröffentlichung
- (who)
-
Federal Reserve Bank of New York
- (where)
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New York, NY
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Tille, Cédric
- Federal Reserve Bank of New York
Time of origin
- 2000
Other Objects (12)
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The old beggar
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Beggar Thy Neighbour: Exchange Rate Regime Misadvice from Misunderstandings of Mundell (1961)
Monetary Policy: Prosper-thy-neighbour and Beggar-thyself?
The old beggar
The beggar's opera
"Beggar my neighbour."
Distributional effects of exchange rate depreciations: Beggar-thy-neighbour or beggar-thyself?
Beggar-thy-neighbor or favor thy industry? An empirical review of transatlantic tariff retaliation
Beggar-thyself or beggar-thy-neighbour? The welfare effects of monetary policy
Labor Market Reforms and Current Account Imbalances - Beggar-thy-Neighbor Policies in a Currency Union?
Labor Market Reforms and Current Account Imbalances - Beggar-thy-Neighbor Policies in a Currency Union?
Labor Market Reforms and Current Account Imbalances: Beggar-Thy-Neighbor Policies in a Currency Union?
Labor market reforms and current account imbalances: Beggar-thy-neighbor policies in a currency union?
Beggar Thy Neighbour: Exchange Rate Regime Misadvice from Misunderstandings of Mundell (1961)
Monetary Policy: Prosper-thy-neighbour and Beggar-thyself?
The old beggar
The beggar's opera