注册 投稿
经济金融网 中国经济学教育科研网 中国经济学年会 EFN通讯社

The Distributional Consequences of Large Devaluations

文件大小:未知

级别评定:

添加时间:2015-11-08 17:28:29

最后更新:2015-11-08 17:29:52

下载积分:0分 (只有会员文件下载时才需要相应积分验证)

总浏览:

总下载:2

发布人:george15135

  • 如果您发现该资源不能下载,请在本站论坛提出,管理员会及时处理。
  • 未经本站明确许可,任何网站不得非法盗链及抄袭本站资源。
  • 本站资源均为网友提供交流,仅供教学、研究使用,请下载后24小时内自行删除。
    0
资源简介

Javier Cravino and Andrei Levchenko, University of Michigan and NBER

The Distributional Consequences of Large Devaluations

 

Cravino and Levchenko study the differential impact of large exchange rate devaluations on the cost of living at different points on the income distribution. Across product categories, the poor have relatively high expenditure shares in tradeable products. Within tradeable product categories, the poor consume lower-priced varieties. Changes in the relative price of tradeables and the relative prices of lower-priced varieties following a devaluation will affect the cost of the consumption basket of the low-income households relative to that of the high-income households. The researchers quantify these effects following the 1994 Mexican peso devaluation and show that their distributional consequences can be large. In the two years that follow the devaluation, the cost of the consumption basket of those in the bottom decile of the income distribution rose between 1.46 and 1.6 times more than the cost of the consumption basket for the top income decile.

资源评论

快速入口
回到顶部
深圳网站建设