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Commodity Export Prices and the Real Exchange Rate in Developing Countries : Coffee in Colombia

Edwards, Sebastian - 2007

In this paper a model that analyzes the interaction between changes in commodity export prices, money creation, inflation, and the real exchange rate in a developing country is developed. The model is then tested using data for Colombia. A number of experts have argued that the fluctuations of...

Persistent link: https://www.econbiz.de/10012777342

Terms of Trade, Exchange Rates and Labor Markets Adjustment in Developing Countries

Edwards, Sebastian - 2021

This paper uses three models of a small open economy to analyze the effects of terms of trade and exchange rate changes (i.e. devaluations) on labor market adjustment. First, a three goods (exportables, importables, non-tradables), four factors model is developed and used to investigate how an...

Persistent link: https://www.econbiz.de/10013234385

Markup Adjustment and Exchange Rate Fluctuations : Evidence from Panel Data on Automobile Exports

Gagnon, Joseph - 2010

This paper uses bilateral automobile export unit values from the United States, Germany and Japan to measure the importance of markup adjustment that is associated with exchange rate changes across export destination markets. Japanese auto export prices exhibit a high degree of markup adjustment...

Persistent link: https://www.econbiz.de/10012762687

Exchange Rates and Corporate Pricing Strategies

Knetter, Michael M. - 2010

This paper reviews the recent literature on pass-through and pricing-to-market. Pricing-to market behavior is estimated for a new, larger data set with 60 German and 20 U.S. 7-digit industries. The results conform closely to what has been found elsewhere in smaller detailed data sets and at...

Persistent link: https://www.econbiz.de/10012763511

Exchange Rates, Local Currency Pricing and International Tax Policies

Chen, Sihao - 2018

Empirical evidence suggests that for many countries, retail prices of traded goods are sticky in national currencies. Movements in exchange rates then cause deviations from the law of one price, and exchange rate ëmisalignmentí, which cannot be corrected by monetary policy alone. This paper...

Persistent link: https://www.econbiz.de/10012910289

Is Price Adjustment Asymmetric? : Evaluating the Market Share and Marketing Bottlenecks Hypothesis

Knetter, Michael M. - 2011

The theoretical literature on pricing-to-market has identified two possible reasons why the elasticity of prices to exchange rate changes may be asymmetric across appreciations and depreciations. If firms are attempting to increase market shares in foreign markets subject to the possibility of...

Persistent link: https://www.econbiz.de/10013124599

In Search of Real Rigidities

Gopinath, Gita - 2010

The closed and open economy literatures work on evaluating the role of real rigidities, but in parallel. This paper brings the two literatures together. We use international price data and exchange rate shocks to evaluate the importance of real rigidities in price setting. We show that...

Persistent link: https://www.econbiz.de/10013142536

Pricing to Market When the Exchange Rate Changes

Krugman, Paul R. - 2022

It has been widely remarked that US import prices have not fully reflected movements in the exchange rate. This paper begins with an investigation of the actual extent of "pricing to market" by foreign suppliers. It shows that pricing to market is a real phenomenon, but not universal; in...

Persistent link: https://www.econbiz.de/10013324641

Market Share and Exchange Rate Pass-Through in World Automobile Trade

Feenstra, Robert C.; Gagnon, Joseph; Knetter, Michael M. - 2022

This paper explores the relationship between exchange rate pass-through and market share for monopolistically competitive exporters. Under fairly general assumptions we show that pass-through should be high for exporters based in a country with a very large share of total destination market...

Persistent link: https://www.econbiz.de/10013309229

Exchange Rate Volatility and International Prices

Feenstra, Robert C.; Kendall, Jon D. - 2022

covering. By taking account of forward covering, we are able to derive an expression for the risk premium in the foreign …. Our theory implies a connection between the estimated risk premium equation, and the influence of exchange rate volatility … on export prices. In particular, we argue that if there is no risk premium, then exchange rate variance can only have a …

Persistent link: https://www.econbiz.de/10013310814

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