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-indices. Producer prices react significantlyto exchange rate shocks as well. In contrast, consumer price inflation for services and for …
Persistent link: https://www.econbiz.de/10010316049
A large body of empirical work has found that exchange rate movements have only modest effects on inflation. However …
Persistent link: https://www.econbiz.de/10010287175
It is well-known that the extent of pass-through of exchange rate changes to consumer prices is much lower than to import prices. One explanation is local distribution costs. Here we consider an alternative, complementary, explanation based on the optimal pricing strategies of firms. We consider...
Persistent link: https://www.econbiz.de/10011430033
import prices only to a small extent, it may have a substantial impact on inflation, as it exerts a sizeable impact on the …
Persistent link: https://www.econbiz.de/10010281451
/depreciations and inflation by estimating nonlinear time series models. Motivated by theoretical and empirical results in the literature …-through regimes depending upon the magnitude of appreciations of a currency and inflation rates both in the short-run and in the long …
Persistent link: https://www.econbiz.de/10010273645
pronounced increase of aggregate US producer price inflation. …
Persistent link: https://www.econbiz.de/10011430113
This paper analyzes the pass-through from import prices to consumer price index (CPI) inflation in real time. Our … strategy follows an event-study approach that compares inflation forecasts before and after import price releases. Inflation … monthly import price releases provide important information for CPI inflation forecasts, and that the behavior of updated …
Persistent link: https://www.econbiz.de/10010283392
This paper provides estimates of the exchange rate pass-through (ERPT) to consumer prices for nine central and eastern European EU Member States. Using a five-variate cointegrated VAR (vector autoregression) for each country and impulse responses derived from the VECM (vector error correction...
Persistent link: https://www.econbiz.de/10011605166
The paper proposes a modelling approach for euro area goods and services trade volumes and prices on the basis of a break-down of trade data into their intra- and extra-area components. Using the evidence from the newly estimated trade equations, the paper gives new insights into two important...
Persistent link: https://www.econbiz.de/10011604806
The question as to whether the globalisation-related increase in competitive pressure may have caused the importance of exchange rate pass-through and pricing-to-market for export pricing in Germany to shift since the 1990s is addressed by testing the long-run export pricing behaviour of German...
Persistent link: https://www.econbiz.de/10010295826