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Motivated by stylized facts pointing to a dominant role of imported inputs in transmitting external price shocks to domestic prices, this paper zooms in to study the pass-through of imported input costs to domestic producer prices. Our approach constructs effective input price indices from...
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A growing body of empirical work has found evidence of a decline in exchange rate pass-through to import prices in a … case for export prices to other destinations, which is consistent with results in the literature suggesting that import …
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