Amiti, Mary; Itskhoki, Oleg; Konings, Jozef - 2012
low aggregate exchange rate pass-through as well as the variation in pass-through across exporters. First, we develop a … intermediate inputs. The model predicts that firms with high import shares and high market shares have low exchange rate pass …-market-share and high-import-intensity firms, which helps explain the low aggregate pass-through and exchange rate disconnect observed …