Hidden Bibliographic Details
| Other authors / contributors: | Johnson, Robert C. (Robert Christopher), author.
International Monetary Fund. Research Department.
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| ISBN: | 1513595040
9781513595047
1513539183
9781513539188
1513526863
9781513526867
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| Notes: | "September 2015."
"Research Department."
Includes bibliographical references (pages 38-40).
Description based on online resource; title from pdf title page (IMF.org Web site, viewed September 15, 2015).
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| Summary: | We examine the role of cross-border input linkages in governing how international relative price changes influence demand for domestic value added. We define a novel value-added real effective exchange rate (REER), which aggregates bilateral value-added price changes, and link this REER to demand for value added. Input linkages enable countries to gain competitiveness following depreciations by supply chain partners, and hence counterbalance beggar-thy-neighbor effects. Cross-country differences in input linkages also imply that the elasticity of demand for value added is country specific. Using global input-output data, we demonstrate these conceptual insights are quantitatively important and compute historical value-added REERs.
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| Other form: | 1513595040
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| Standard no.: | 10.5089/9781513595047.001
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