between exchange rate movements and import prices. Recent debates hinge on whether producer-currency-pricing (PCP) or local … currency pricing (LCP) of imports is more prevalent, and on whether exchange rate pass-through rates are endogenous to a … country's macroeconomic conditions. We provide cross-country and time series evidence on both of these issues for the imports …

destination and imports by source country. We confirm that import intensity and market share are the prime determinants of pass … theoretical framework that combines variable markups due to strategic complementarities and endogenous choice to import … intermediate inputs. The model predicts that firms with high import shares and high market shares have low exchange rate pass …

market countries we estimate that vertical specialization accounts for up to 30 percent of world exports, and has grown as …