Econometric estimates of exchange rate pass-through usually assume that 100% of the exporter's costs are denominated in the exporter's currency. However, the literature on trade in value added indicates that a country's exports often include imported intermediates with costs that may be...

U.S. industries have reduced their releases of toxic chemicals in recent years. These publicly reported environmental improvements can increase the demand for U.S. products abroad by increasing the perceived quality of these products in countries that are concerned about the environmental...