A central assumption of open economy macro models with nominal rigidities relates to the currency in which goods are … priced, whether there is so-called producer currency pricing or local currency pricing. This has important implications for … exchange rate pass-through and optimal exchange rate policy. We show, using novel transaction level information on currency and …

The stickiness and currency of pricing of traded goods play a central role in international macroeconomics, however …-the-dock for the period 1994-2005, and present four main results: First, the median price duration in the currency of pricing is 10 … to standard modeling assumptions, for the U.S, there is producer currency pricing in exports and local currency pricing …