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This paper provides estimates of the exchange rate pass-through (ERPT) to consumer prices for nine central and eastern European EU Member States. Using a five-variate cointegrated VAR (vector autoregression) for each country and impulse responses derived from the VECM (vector error correction...
Persistent link: https://www.econbiz.de/10008458418
This paper estimates export and import price equations for 41 countries –including 28 emerging market economies … differentiation also play a role; (iii) export and import price elasticities tend to be strongly correlated across countries; (iv …) pass-through to import prices has declined in some advanced economies, noticeably the United States; this is consistent …
Persistent link: https://www.econbiz.de/10005344913
Nominal rigidities due to menu costs have become a standard element in closed economy macroeconomic modelling. The 'New Open Economy Macroeconomics' literature has investigated the implications of nominal rigidities in an open economy context and found that the currency in which prices are set...
Persistent link: https://www.econbiz.de/10005344954
experienced high inflation. The impact of an exchange rate shock on prices seems to slightly decrease across time. JEL …
Persistent link: https://www.econbiz.de/10010753745
, Netherlands) from three major non-euro area import suppliers (US, Japan, UK). The results show that exporting firms’ price and … innovation decisions in each source country are jointly determined and that total pass-through to euro area import prices is low … determination of pass-through. Finally, euro area import prices are found to be sticky in local currency in the short run. JEL …
Persistent link: https://www.econbiz.de/10005070393
import prices. Yet, consistent with expenditure-switching effects, a nominal repreciation generally worsens the terms of …
Persistent link: https://www.econbiz.de/10005033419
magnitude, proportionally. This paper tests these assumptions for export and import prices in the G7 economies. It focuses on …
Persistent link: https://www.econbiz.de/10005530702
This paper aims at showing heterogeneity in the degree of exchange rate pass-through to import prices in major advanced …
Persistent link: https://www.econbiz.de/10005530917
This paper investigates the impact of exchange rate shocks on sectoral activity and prices in the euro area. Using a VAR framework it provides evidence on the magnitude and speed of the impact of exchange rate shocks on activity in all main euro area sectors and on activity and producer prices...
Persistent link: https://www.econbiz.de/10005222284
” countries. For emerging markets with only one digit inflation (most notably the Asian countries), passthrough to import and … the conventional wisdom that ERPT into both import and consumer prices is always higher in “emerging” than in “developed … evidence for a positive relationship between the degree of the ERPT and inflation, in line with Taylor’s hypothesis once two …
Persistent link: https://www.econbiz.de/10005222408