%PDF-1.4 % 1 0 obj << /Type /Page /Parent 45 0 R /Resources 39 0 R /Contents 38 0 R /CropBox [ 61 79 551 712 ] /B [ 7 0 R 9 0 R 10 0 R ] >> endobj 2 0 obj << /D [ 1 0 R /XYZ null null null ] >> endobj 3 0 obj << /D [ 1 0 R /XYZ null null null ] >> endobj 4 0 obj << /D [ 1 0 R /XYZ 223 681 null ] >> endobj 5 0 obj << /D [ 1 0 R /XYZ 230 648 null ] >> endobj 6 0 obj << /I << /Title (A)>> /F 7 0 R >> endobj 7 0 obj << /T 6 0 R /P 1 0 R /R [ 141 137 472 494 ] /V 75 0 R /N 48 0 R >> endobj 8 0 obj << /I << /Title (B)>> /F 9 0 R >> endobj 9 0 obj << /T 8 0 R /P 1 0 R /R [ 141 536 472 574 ] /V 10 0 R /N 10 0 R >> endobj 10 0 obj << /P 1 0 R /R [ 141 492 472 540 ] /V 9 0 R /N 9 0 R >> endobj 11 0 obj << /Title (Introduction) /Dest (G115586) /Parent 85 0 R /Next 14 0 R /First 12 0 R /Last 13 0 R /Count 2 >> endobj 12 0 obj << /Title (Devereux and Yetman investigate the role of sluggish price adjustment in\ explaining why exchange ...) /Dest (G115588) /Parent 11 0 R /Next 13 0 R >> endobj 13 0 obj << /Title (My comments are organized as follows. First, I will examine the price- s\ etting mechanism used in ...) /Dest (G115593) /Parent 11 0 R /Prev 12 0 R >> endobj 14 0 obj << /Title (Price-Setting Mechanism) /Dest (G115595) /Parent 85 0 R /Prev 11 0 R /Next 18 0 R /First 15 0 R /Last 17 0 R /Count 3 >> endobj 15 0 obj << /Title (In the model, price rigidities are the result of the presence of menu c\ osts that firms must pay...) /Dest (G115597) /Parent 14 0 R /Next 17 0 R /First 16 0 R /Last 16 0 R /Count 1 >> endobj 16 0 obj << /Title (.) /Dest (G115601) /Parent 15 0 R >> endobj 17 0 obj << /Title (The loss function has three elements. The first, F, is defined as the sh\ are of average profits th...) /Dest (G115603) /Parent 14 0 R /Prev 15 0 R >> endobj 18 0 obj << /Title (Local Currency Pricing) /Dest (G115605) /Parent 85 0 R /Prev 14 0 R /Next 21 0 R /First 19 0 R /Last 20 0 R /Count 2 >> endobj 19 0 obj << /Title (In the paper, all firms set their prices in the local currency, even tho\ ugh the importing firms f...) /Dest (G115607) /Parent 18 0 R /Next 20 0 R >> endobj 20 0 obj << /Title (Accordingly, a consideration of FCP would not be particularly constructi\ ve. However, it might be ...) /Dest (G115609) /Parent 18 0 R /Prev 19 0 R >> endobj 21 0 obj << /Title (Estimation Results) /Dest (G115611) /Parent 85 0 R /Prev 18 0 R /Next 24 0 R /First 22 0 R /Last 23 0 R /Count 2 >> endobj 22 0 obj << /Title (The authors test the implications of their model by first estimating a s\ imple pass-through equati...) /Dest (G115613) /Parent 21 0 R /Next 23 0 R >> endobj 23 0 obj << /Title (If this sort of result is consistent with the theoretical definition of \ pass- through, an elabora...) /Dest (G115618) /Parent 21 0 R /Prev 22 0 R >> endobj 24 0 obj << /Title (Concluding Remarks) /Dest (G115620) /Parent 85 0 R /Prev 21 0 R /Next 26 0 R /First 25 0 R /Last 25 0 R /Count 1 >> endobj 25 0 obj << /Title (In closing, I would like to discuss the potential policy implications of\ this paper for emerging ...) /Dest (G115622) /Parent 24 0 R >> endobj 26 0 obj << /Title (References) /Dest (G115625) /Parent 85 0 R /Prev 24 0 R /Next 30 0 R /First 27 0 R /Last 29 0 R /Count 3 >> endobj 27 0 obj << /Title (Rotemberg, J.J. 1982. Sticky Prices in the United States. Journal of P\ olitical Economy 90 \(6\): ...) /Dest (G115627) /Parent 26 0 R /Next 28 0 R >> endobj 28 0 obj << /Title (Taylor, J.B. 2000. Low Inflation, Pass-Through, and the Pricing Power o\ f Firms. European Econom...) /Dest (G115629) /Parent 26 0 R /Prev 27 0 R /Next 29 0 R >> endobj 29 0 obj << /Title (Discussion) /Dest (G29986) /Parent 26 0 R /Prev 28 0 R >> endobj 30 0 obj << /Title (Jeannine Bailliu) /Dest (G28327) /Parent 85 0 R /Prev 26 0 R >> endobj 31 0 obj << /D [ 1 0 R /XYZ 143 133 null ] >> endobj 32 0 obj << /D [ 1 0 R /XYZ 143 492 null ] >> endobj 33 0 obj << /D [ 1 0 R /XYZ 143 467 null ] >> endobj 34 0 obj << /D [ 1 0 R /XYZ 143 268 null ] >> endobj 35 0 obj << /D [ 1 0 R /XYZ 143 168 null ] >> endobj 36 0 obj << /D [ 1 0 R /XYZ 143 572 null ] >> endobj 37 0 obj << /D [ 1 0 R /XYZ 143 536 null ] >> endobj 38 0 obj << /Length 1742 /Filter /FlateDecode >> stream H|W͒6)x3kEͤlf:=ėN6Zd&RM{A `̺ۏc]E,byYQqfgEa+K2g/_#< ӨdYR찋"~yeI,d26wo?pcU8/|z$~?ݪ?-狷IFJ6bh|%x'@7s=)=?+8%HJ