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This paper analyzes the exchange rate pass-through to consumer prices for 85 categories of goods and services in Switzerland. The pass-through estimates are computed using a synthetic difference-in-differences approach that exploits the large Swiss franc appreciation that followed the unexpected...
Persistent link: https://www.econbiz.de/10013542077
prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …
Persistent link: https://www.econbiz.de/10011623991
costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …
Persistent link: https://www.econbiz.de/10012157863
economies, we find that the main driver of consumer price inflation is the global demand shock. A negative global demand shock …
Persistent link: https://www.econbiz.de/10012176017
Taylor's (2000) suggestion that the degree of pass-through is dependent on importing country inflation. Extending the … importing country inflation rate regime, and using nonlinear smooth transition estimation methodology we present empirical … evidence for the inflation regime dependence of pass-through elasticities for several OECD countries. The pass-through seems to …
Persistent link: https://www.econbiz.de/10013143237
prices, productivity levels and markups as functions of openness to trade at a sectoral level. The theory lends itself … evidence that trade openness exerts a competitive effect, with prices and markups falling and productivity rising. Consistent …
Persistent link: https://www.econbiz.de/10011506613
The Swiss National Bank's (SNB) elimination of the lower bound on the EUR/CHF exchange rate on January 15 2015 provides a unique setting to study how prices and quantities respond to changes in nominal exchange rates. In this paper, we complement the study of imports in Auer et al. (2020) by...
Persistent link: https://www.econbiz.de/10012309667
, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … inflation, particularly in the 1970s, and the choice of an exchange rate regime consistent with domestic monetary and fiscal … policies. Although seemingly narrowly focused on China, our contribution to Alexander's fete straddles both themes. Since 2004 …
Persistent link: https://www.econbiz.de/10010304732
, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … inflation, particularly in the 1970s, and the choice of an exchange rate regime consistent with domestic monetary and fiscal … policies. Although seemingly narrowly focused on China, our contribution to Alexander's fete straddles both themes. Since 2004 …
Persistent link: https://www.econbiz.de/10003818402
Since 2004, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar ….S. dollar, the resulting monetary explosion in China contributes to the worldwide increase in primary commodity priceswith … excess liquidity reminiscent of the global inflation generated by the weak dollar in the 1970s. -- Inflation ; exchange rates …
Persistent link: https://www.econbiz.de/10003749649