Vigfusson, Robert J.; Sheets, Nathan; Gagnon, Joseph E. - 2007
transaction; that is, we assess the exchange rate sensitivity of export prices (denominated in the exporter's currency). We first … case for export prices to other destinations, which is consistent with results in the literature suggesting that import … price pass-through in the U.S. market is relatively low. We also find that moves in the exchange rate sensitivity of export …