Auer, Raphael A.; Burstein, Ariel T.; Lein-Rupprecht, … - National Bureau of Economic Research - 2022
unequal welfare effects of non-marginal foreign price changes also depend on differences in how consumers substitute between … the Swiss franc, we provide evidence that lower income households have higher price elasticities. These differences in … elasticities contribute significantly to the unequal welfare effects of large import price changes …