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

Knetter, Michael M. - 1992

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/10012474798

Exchange Rate Volatility and International Prices

Feenstra, Robert C. - 1991

. Our theory implies a connection between the estimated risk premium equation, and the influence of exchange rate volatility … covering. By taking account of forward covering, we are able to derive an expression for the risk premium in the foreign … 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/10012475370

Nonlinear State and Shock Dependence of Exchange Rate Pass Through on Prices

Rincon, Hernan - 2018

This paper examines the nature of the pass-through of exchange rate shocks on prices along the distribution chain, and estimates its short and long-term path. It uses monthly data from a small open economy and a smooth transition auto-regressive vector model estimated by Bayesian methods. The...

Persistent link: https://www.econbiz.de/10012929608

Supply Shocks and Real Exchange Rate Volatility in a Small Open Economy

Azcona, Nestor - 2016

This paper examines the effect of overall and sector-specific productivity shocks on the real exchange rate in small open economies. A dynamic stochastic small open economy model shows that productivity shocks impact the real exchange rate mostly through changes in the relative price of...

Persistent link: https://www.econbiz.de/10013005242

Firm predicted exchange rates and nonlinearities in pricing-to-market

Nguyen, Thi-Ngoc Anh; Satō, Kiyotaka - In: Journal of the Japanese and international economies : … 53 (2019), pp. 1-16

Persistent link: https://www.econbiz.de/10012260550

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/10012462590

Exchange rates, local currency pricing and international tax policies

Chen, Sihao; Devereux, Michael B.; Shi, Kang; Xu, Juanyi - In: Journal of monetary economics 117 (2021), pp. 460-472

Persistent link: https://www.econbiz.de/10012603010

Essays on exchange rates and prices

Grinberg, Federico - 2015

Persistent link: https://www.econbiz.de/10012511459

Exchange Rate Uncertainty and the Law of One Price

Maloney, William F. - 2001

hedging exchange risk, it then tests the model in a Bi-variate GARCH in mean context. Little evidence is found that short run …

Persistent link: https://www.econbiz.de/10014060660

On Exchange Rate Regimes, Exchange Rate Fluctuations, and Fundamentals

Leduc, Sylvain - 2019

We develop a two-country, two-sector general equilibrium business cycle model with nominal rigidities featuring deviations from the law of one price. The paper shows that a model with these features can quantitatively account for the empirical fact that of the statistical properties of most...

Persistent link: https://www.econbiz.de/10014150163