The Recent Behavior of U.S. Trade Prices

There is a widespread view that the adjustment of U.S. trade prices--and hence merchandise trade flows--in the face of the substantial dollar depreciation since early 1985 has been slower than might have been expected. This paper examines the recent behavior of U.S. trade prices, and concludes that...

Full description

Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1989, 1989
Series:IMF Working Papers; Working Paper
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:There is a widespread view that the adjustment of U.S. trade prices--and hence merchandise trade flows--in the face of the substantial dollar depreciation since early 1985 has been slower than might have been expected. This paper examines the recent behavior of U.S. trade prices, and concludes that the modest movements are largely attributable to a decline in computer prices, swings in commodity prices, and the growing importance of computers in U.S. trade. Empirical results suggest that once the influence of computer and commodity prices are taken into account, the recent behavior of U.S. trade prices is not out of line with historical experience
Physical Description:24 p.
ISBN:9781451980592
1451980590