研討日期

20161126日上午10:20~ 12:00

研討地點

台大社會科學院710討論室

主講題目

Export Subsidies and Exchange Rate Pass-through

作者

Hakan Orbay and Benan Zeki Orbay

文獻出處

Review of International Economics, 21(4), 627–635, 2013

主講人

陳怡

參加人員

陳怡、周冰瑤、王羿傑、林燕淑、施全、梁文榮、彭正浩、黃鴻、蔡明芳、呂得成、ByeonHwa Choi、張博涵、曹古駒、詹銘葦、林季萱、郭紫瑩

摘要

This paper investigates effects of exchange rate on optimal trade policies and market prices within a standard export subsidy model. Shifts in exchange rate change relative efficiencies of firms in different countries. We show that depreciation of own currency increases subsidy levels when marginal cost is constant. Import dependency weakens this relationship, decreasing sensitivity of subsidy levels to depreciation. In general, subsidies reduce exchange rate pass-through. Additionally, perverse exchange rate pass-through effect arises with sufficiently intensive subsidies.