Pricing to market in a small open economy

Scandinavian Journal of Economics

Volumn 98, Issue 3, 1996, Pages 329-350

  Naug, Bjørn ^a   Nymoen, Ragnar ^b,c  

^a STATISTICS NORWAY   (Norway)

^b NORGES BANK   (Norway)

^c UNIVERSITY OF OSLO   (Norway)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0030511248     PISSN: 03470520     EISSN: None     Source Type: Journal    
DOI: 10.2307/3440730     Document Type: Article

References (33)

1. Barker, T.: Export and import prices. In T. Barker and W. Peterson (eds.), The Cambridge Multisectoral Dynamic model of the British Economy, Ch. 14, Cambridge University Press, Cambridge, 1987.
2. Bjørnland, H. C.: Trends, cycles and measures of persistence in the Norwegian economy. Social and Economic Studies 92, Statistics Norway, Oslo, 1995.
3. Bond, I. D.: The determination of UK manufactured import prices. DP 16, Bank of England, 1981.
4. Boswijk, H. P. and Urbain, J.-P.: Lagrange multiplier tests for weak exogeneity: A synthesis. Paper presented at the European meeting of the Econometric Society, 1994.
5. Doornik, J. A. and Hansen, H.: A practical test of multivariate normality. Unpublished paper, Nuffield College, Oxford, 1994.
6. Doornik, J. A. and Hendry, D. F.: PcFiml 8.0: Interactive Econometric Modelling of Dynamic Systems. International Thomson Publishing, London, 1994a.
7. Doornik, J. A. and Hendry, D. F.: PcGive 8.0: An Interactive Econometric Modelling System. International Thomson Publishing, London, 1994b.
8. Dornbusch, R.: Exchange rates and prices. American Economic Review 77, 93-106, 1987.
9. Engle, R. F.: Autoregressive conditional heteroscedasticity with estimates of the variance of United Kingdom inflation. Econometrica 50, 987-1007, 1982.
10. Engle, R. F. and Hendry, D. F.: Testing super exogeneity and invariance in regression models. Journal of Econometrics 56, 119-39, 1993.
11. Favero, C. and Hendry, D. F.: Testing the Lucas critique: A review. Econometric Reviews 11, 265-306, 1992.
12. Harvey, A. C.: The Econometric Analysis of Time Series. Philip Allan, Oxford, 1981.
13. Hendry, D. F.: Econometrics and business cycle empirics. Economic Journal 105, 1622-36, 1995.
14. Hooper, P. and Mann, C. L.: Exchange rate pass-through in the 1980's: The case of U.S. imports of manufactures. Brookings Papers on Economic Activity I, 297-337. 1989.
15. Johansen, K.: Norwegian wage curves. Oxford Bulletin of Economics and Statistics 57, 229-47, 1995.
16. Johansen, S.: Statistical analysis of cointegration vectors. Journal of Economic Dynamics and Control 12, 231-54, 1988.
17. Johansen, S. and Juselius, K.: Maximum likelihood estimation and inference on cointegration - With applications to the demand for money. Oxford Bulletin of Economics and Statistics 52, 169-210, 1990.
18. Johansen, S. and Juselius, K.: Testing structural hypotheses in a multivariate cointegration analysis of the PPP and the UIP for UK. Journal of Econometrics 53, 211-44, 1992.
19. Krugman, P. R.: Pricing to market when the exchange rate changes. In S. W. Arndt and J. D. Richardson (eds.), Real-Financial Linkages among Open Economies, Ch. 3. MIT Press, Cambridge, MA, 1987.
20. Lawrence, R. Z.: U.S. current account adjustment: An appraisal. Brookings Papers on Economic Activity 2, 343-92, 1990.
21. Llewellyn, G. E. J.: The determinants of United Kingdom import prices. Economic Journal 84, 18-31, 1974.
22. Llewellyn, G. E. J. and Pesaran, M. H.: The determinants of United Kingdom import prices - A Note. Economic Journal 86, 315-20, 1976.
23. Lucas, Jr., R. E.: Econometric policy evaluation: A critique. In K. Brunner and A. H. Meltzer (eds.), The Phillips Curve and Labor Markets. North-Holland, Amsterdam, 1976.
24. Menon, J.: Exchange rate pass-through. Economic Surveys 9, 197-231, 1995a.
25. Menon, J.: Exchange rates and import prices for a small open economy. Applied Economics 27, 297-301, 1995b.
26. Naug, B.: Importvolum og importpriser (Import volumes and import prices). Arbeidsnotat 90/8. Merges Bank, Oslo, 1990.
27. Naug, B. E.: Hva bestemmer utviklingen i importprisene? (What determines the development of import prices?) Sosialøkonomen 50 (1), 32-40, 1996.
28. Nymoen, R.: A small linear model of wage- and price-inflation in the Norwegian economy. Journal of Applied Econometrics 6, 255-69, 1991.
29. Osterwald-Lenum, M.: A note with quantiles of the asymptotic distribution of the maximum likelihood cointegration rank test statistics. Oxford Bulletin of Economics and Statistics 54, 461-71, 1992.
30. Sargan, J. D.: Wages and prices in the United Kingdom: A study of econometric methodology. In P. E. Hart, G. Mills and J. K. Whitaker (eds.), Econometric Analysis for National Economic Planning. Butterworths, London, 1964.
31. Urbain, J.-P.: On weak exogeneity in error-correction models. Oxford Bulletin of Economics and Statistics 54, 187-207, 1992.
32. von der Fehr, N.-H. M.: Prisdannelsen på importvarer - en MODAG rapport (Import price formation - A MODAG report). Rapporter 87/23, Statistics Norway, Oslo, 1987.
33. White, J.: A heteroskedasticity-consistent covariance matrix estimator and a direct test of heteroskedasticity. Econometrica 48, 817-38, 1980.