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- W2259873093 abstract "A widespread view expressed in the theoretical macroeconomic literature concerned with price formation in open economies is that, in the absence of impediments to trade and insulating exchange rate movements, the prices of their internationally tradable goods are, by and large, determined at the level of competitive international markets. The most common justification is that the goods concerned are produced by a large number of firms from different countries, and that competitive commodity arbitrage tends to integrate the respective markets by eliminating all price divergences (in common currency). If so, the industries of the individual small economy can be conceived as competitive foreign price takers, implying both the dominance of foreign price influences over domestic costs,and a high degree of price flexibility with respect to short-term fluctuations in (international) demand." @default.
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- W2259873093 date "1985-03-01" @default.
- W2259873093 modified "2023-09-25" @default.
- W2259873093 title "Some Empirical Evidence on the Behaviour of Export and Domestic Prices in Belgian Manufacturing Industry" @default.
- W2259873093 hasPublicationYear "1985" @default.
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