non-cooperative policies within a single framework. First, we compare the elasticity of trade flows to import tariffs and … in import tariffs by 1 percentage point reduces imports by around 1.4 percent. Hence the two instruments are not …

This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five … of confidence during the recent sovereign debt crisis has entailed higher sensitivity of import prices to exchange rate … beyond this threshold level, the sensitivity of import prices becomes higher and reaches full ERPT. Our findings raise the …

United Kingdom. Our identification strategy uses input-output linkages to account for heterogeneity in exposure to import … import shares in consumer expenditure. This effect is driven by both direct consumption of imported goods and the use of … imported inputs in domestic production. Our results are consistent with complete pass-through of import costs to consumer …

empirical results indicate that the long-run import pass-through has indeed declined significantly. As a result, the …