Non-Price Competition and Exchange Rate Pass-Through

A substantial body of empirical works document that exchange rate pass-through to consumer prices is incomplete. This evidence has cast doubts on the ability of flexible exchange rates to generate expenditure switching. In a dynamic stochastic discrete-time duopoly game, non-price competition among .rms endogenously originates a degree of exchange ratepass-through close to zero together with an expenditure switching e¤ect stronger than in the standard models.

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Year of publication:	2007
Authors:	Ascione, Aurora
Institutions:	Department of Economics, European University Institute
Subject:	pass-through \| non-price competition \| expenditure switching

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Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series European University Institute Working Papers Number ECO2007/54
Classification:	F40 - Macroeconomic Aspects of International Trade and Finance. General ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005557748