Fauceglia, Dario; Shingal, Anirudh; Wermelinger, Martin - In: Swiss Journal of Economics and Statistics 150 (2014) 4, pp. 261-296
In this paper, we estimate ERPT into imported input prices and export prices using disaggregated quarterly trade data for Switzerland over 2004–2011. We find evidence for high pass-through rates into imported input prices. This demonstrates the effectiveness of natural hedging. On the export...