Price determination in Ireland - effects of changes in exchange-rates and exchange-rate regimes
Citation:
Tim Callan, John Fitzgerald, 'Price determination in Ireland - effects of changes in exchange-rates and exchange-rate regimes', Economic and Social Research Institute, Economic and Social Review, Vol.20, No. 2, January 1989, 1989, pp165-188Download Item:
v20n21989_8.pdf (PDF) 1.099Mb
Abstract:
This paper finds that the wholesale price of Irish manufacturing output is closely tied to foreign prices in the long run; domestic wage costs generally do not exert a significant influence. In the short run changes in foreign currency prices affect Irish prices more rapidly than do changes in exchange rates. There is evidence of a change in pricing behaviour on Ireland's entry into the EMS. German output prices are now as important as UK prices in determining Irish prices.
Author: Callan, Tim; Fitzgerald, John
Publisher:
Economic & Social StudiesType of material:
Journal articleCollections:
Series/Report no:
Economic and Social ReviewVol.20, No. 2, January 1989