Narrow search
Showing 1 - 10 of 150
Cover Image
Pass-Through of Cost-Push Shocks
Gödl-Hanisch, Isabel; Menkhoff, Manuel - 2023
This paper examines the pass-through of cost-push shocks to customers at a granular level. Using unique firm-level survey data, we document five facts about pass-through across firms, sectors, and over time. We highlight a new channel relevant for pass-through: beliefs about the expected...
Persistent link: https://www.econbiz.de/10014347021
Cover Image
On the Pass-Through of Large Devaluations
Casacuberta, Carlos; Licandro, Omar - 2023
In 2002 Uruguay faced a sudden stop of international capital flows, inducing a deep financial crisis and a large devaluation of the peso. The real exchange rate depreciated and exports expanded. Paradoxically, export shares and real exchange rates negatively correlate among Uruguayan exporters...
Persistent link: https://www.econbiz.de/10014357036
Cover Image
Vehicle Currency Pricing and Exchange Rate Pass-Through
Chen, Natalie - 2019
the relationship between invoicing currency choices and the response of import prices to exchange rate changes. We find … that for transactions invoiced in a vehicle currency, import prices are much more sensitive to changes in the vehicle … currencies. Our results help to explain the higher-than-expected pass-through into import prices during the Great Recession and …
Persistent link: https://www.econbiz.de/10012867016
Cover Image
Exchange rate pass-through, domestic competition, and inflation: Evidence from the 2005/08 revaluation of the Renminbi
Auer, Raphael A. - 2012
, in turn, the effect of RMB-induced US import price fluctuations on US producer prices is established. In a panel spanning … affected US prices. Thus, the pre-2005 period is used to filter out the effects of other exchange rates on import and producer … prices. Additionally, utilizing the remainder of the sample, the pure effect of an RMB appreciation on US import prices and …
Persistent link: https://www.econbiz.de/10010281451
Cover Image
Nonlinearities in the Exchange Rate Pass-Through : The Role of Inflation Expectations
Anderl, Christina; Caporale, Guglielmo Maria - 2022
This paper investigates nonlinearities in the exchange rate pass-through (ERPT) to consumer and import prices by … and import prices is found to be stronger in the nonlinear model and in some cases is close to being complete. Also, it is … stronger for import prices than for consumer prices. Both seem to be more responsive to exchange rate changes when market …
Persistent link: https://www.econbiz.de/10013306953
Cover Image
Endogenous Product Adjustment and Exchange Rate Pass-Through
Freitag, Andreas; Lein, Sarah - 2022
We document how product quality responds to exchange rate movements and quantify the extent to which these quality changes affect the aggregate pass-through into export prices. We analyze the substantial sudden appreciation of the Swiss franc post removal of the 1.20-CHF-per-euro lower bound in...
Persistent link: https://www.econbiz.de/10014241196
Cover Image
Exchange Rate Pass-Through to Food and Energy Consumer Price Inflation
Moessner, Richhild - 2023
inflation environment using cross-country panel estimation of Phillips curves. It considers a large panel of OECD member and …
Persistent link: https://www.econbiz.de/10014264164
Cover Image
International financial integration and real exchange rate long-run dynamics in emerging countries : some panel evidence
Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - 2009
The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
Persistent link: https://www.econbiz.de/10010266058
Cover Image
Markups, Quality, and Trade Costs
Chen, Natalie - 2020
We investigate theoretically and empirically how exporters adjust their markups across destinations depending on bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per unit, our model predicts that markups rise with...
Persistent link: https://www.econbiz.de/10012844218
Cover Image
Integrated Versus Segmented Markets : Implications for Export Pricing and Welfare
Becker, Raphael; Nigai, Sergey; Seidel, Tobias - 2021
This paper challenges the common assumption of market segmentation in international trade. To analyze export entry and pricing decisions of firms in integrated vs. segmented markets, we develop a novel tractable approach based on stochastic export costs that allows us to compare firm-level and...
Persistent link: https://www.econbiz.de/10013315233