A unified framework for analysing price interdependence, innovative activity and exchange rate pass-through
2014
Brissimis, Sophocles N. | Kosma, Theodora S.
This paper develops an international oligopoly model in which domestic and foreign firms simultaneously choose their price and innovation strategies under the assumption of non-zero conjectural variations in relation to their competitors’ price changes. The model captures the links between the exchange rate, foreign and domestic firms’ prices and investment in process innovation and provides a unified framework for analysing exchange rate pass-through.
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