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This paper studies how a rise in China's share of U.S. imports could lower pass-through of exchange rates to U.S. import prices. We develop a theoretical model with variable markups showing that the presence of exports from a country with a fixed exchange rate could alter the competitive...
Persistent link: https://www.econbiz.de/10012759674
The purpose of the paper is to measure the potential bias in the U.S. import price index due to the appearance of new product varieties, or new foreign suppliers, and determine the effect of this bias on the estimated income elasticity of import demand. Existing import price indexes are based on...
Persistent link: https://www.econbiz.de/10013237262
This paper describes the updating of the NBER trade dataset, which now provides U.S. import and export values to the year 2001, disaggregated by Harmonized System (HS), Standard International Trade Classification (SITC), and the U.S. Standard Industrial Classification (SIC) categories. In...
Persistent link: https://www.econbiz.de/10013245505
euro currency union abandoned their national exchange rates, the adjustment of real exchange rates toward purchasing power … mechanism and as a source of shocks. We find evidence that prior to joining the euro currency union, member countries relied …. But the loss of the exchange rate as an adjustment mechanism after the introduction of the euro was more than compensated …
Persistent link: https://www.econbiz.de/10012998959