讲座嘉宾

Sushanta Mallick

时间

2024年3月14日，周四，10:00-11:30

地点

学术会堂604

讲座题目

Exchange Rate Pass-through and Monopsony Power in a Large Emerging Economy

摘要

The exchange rate pass-through (ERPT) literature has not considered the labour market effects of exchange rate changes. Using a product-level data set from India, we find significant but incomplete exchange rate pass-through to export and import prices. These incomplete pass-through estimates imply significant exogenous changes in prices, generating gains for producers. Further, with a plant-level Indian data set, we show that these gains, arising from currency depreciation, are shared with labour as reflected in lower markdown, and this price gain brings their wages closer to the competitive wage. As expected, the gains for labour from depreciation are higher in the case of exporting plants and lower for plants using imported inputs. These results suggest significant welfare effects of exchange rate movements which have not been documented in this literature.

个人简介

Sushanta Mallick是英国伦敦玛丽女王大学(Queen Mary University of London )商业与管理学院的国际金融学教授。此外，自 2015年1月以来，他一直担任拥有 40 年历史的领先学术期刊《Economic Modelling》的联合主编，他也担任《Economic Analysis and Policy》的联合编辑。他拥有英国华威大学经济学博士学位。他在主要期刊上发表了100多篇同行评议的文章，重点关注国际经济、银行与金融以及创新与发展领域的问题。Mallick教授的论文发表在European Journal of Operational Research, Journal of Corporate Finance, British Journal of Management, Research Policy, Economic Theory, Journal of Economic Behavior & Organization, Journal of Banking & Finance, Oxford Bulletin of Economics & Statistics, IMF Economic Review, Cambridge Journal of Economics, Journal of International Money and Finance, World Development等经济金融学领先期刊上。