Exchange Rate Pass Through To U S Import Prices
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Exchange Rate Pass Through To U S Import Prices
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Author :
language : en
Publisher:
Release Date : 2005
Exchange Rate Pass Through To U S Import Prices written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Foreign exchange rates categories.
Exchange Rate Pass Through To U S Import Prices
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Author : Patricia A. Robinson
language : en
Publisher:
Release Date : 2009
Exchange Rate Pass Through To U S Import Prices written by Patricia A. Robinson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Wine industry categories.
Exchange Rates And Prices
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Author : William R. Smith
language : en
Publisher: Routledge
Release Date : 2017-04-21
Exchange Rates And Prices written by William R. Smith and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-21 with Business & Economics categories.
Originally published in 1996. This study looks at the impact of exchange rate fluctuation on the pricing practices of foreign industries that import into the United States market. It presents several studies of the pass-through behaviour of over 100 disaggregated commodity groups with bi-lateral exchange rates. The book presents analysis of specific competitors and their individual pricing responses to exchange rate changes, adding significantly to pricing theory as well as being useful for marketers in predicting business responses.
Pass Through Of Competitors Exchange Rates To Us Import And Producer Prices
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Author : Steven Pennings
language : en
Publisher:
Release Date : 2016
Pass Through Of Competitors Exchange Rates To Us Import And Producer Prices written by Steven Pennings and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Exchange rate pass-through categories.
This paper shows that in theory and BLS microdata, the prices of imported goods respond to the exchange rates (ER) of the producer's foreign competitors. In contrast, standard models have no role for competitors' ERs. Excluding the effects of competitors' exchange rates typically biases upwards estimates of bilateral exchange rate pass-through because competitors' ERs and bilateral ERs are positively correlated. A multi-country version of Atkeson and Burstein's (2008) industry aggregation model is able to explain a sizable proportion of pass-through of competitors' exchange rates to import prices, and also predicts pass-through of foreign competitors' prices and pass-through of competitors' ERs to US producer prices-both of which are supported in the data. The results suggest that pass-through will be larger for ER movements shared by a greater fraction of foreign competitor countries.
Exchange Rate Pass Through To Import Prices In The Euro Area
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Author : José Manuel Campa
language : en
Publisher:
Release Date : 2005
Exchange Rate Pass Through To Import Prices In The Euro Area written by José Manuel Campa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Exchange rate pass-through categories.
"This paper presents an empirical analysis of transmission rates from exchange rate movements to import prices, across countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of exchange rate changes to import prices in the short run is high, although incomplete, and that it differs across industries and countries; in the long run, exchange rate pass-through is higher and close to one. We find no strong statistical evidence that the introduction of the euro caused a structural change in this transmission. Although estimated point elasticities seem to have declined since the introduction of the euro, we find little evidence of a structural break in the transmission of exchange rate movements except in the case of some manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to experience reduced rates of exchange rate pass-through to import prices. Exchange rate changes continue to lead to large changes in import prices across euro-area countries"--National Bureau of Economic Research web site.
Exchange Rate Pass Through Into Import Prices
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Author : José Manuel Campa
language : en
Publisher:
Release Date : 2002
Exchange Rate Pass Through Into Import Prices written by José Manuel Campa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Economics categories.
Exchange rate regime optimality, as well as monetary policy effectiveness, depends on the tightness of the link between exchange rate movements and import prices. Recent debates hinge on whether producer-currency-pricing (PCP) or local currency pricing (LCP) of imports is more prevalent, and on whether exchange rate pass-through rates are endogenous to a country's macroeconomic conditions. We provide cross-country and time series evidence on both of these issues for the imports of twenty-five OECD countries. Across the OECD and especially within manufacturing industries, there is compelling evidence of partial pass-through in the short-run- rejecting both PCP and LCP. Over the long run, PCP is more prevalent for many types of imported goods. Higher inflation and exchange rate volatility are weakly associated with higher pass-through of exchange rates into import prices. However, for OECD countries, the most important determinants of changes in pass-through over time are microeconomic and relate to the industry composition of a country's import bundle.
Exchange Rate Pass Through To Export Prices
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Author :
language : en
Publisher:
Release Date : 2007
Exchange Rate Pass Through To Export Prices written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Exchange rate pass-through categories.
"A growing body of empirical work has found evidence of a decline in exchange rate pass-through to import prices in a number of industrial countries. Our paper complements this work by examining pass-through from the other side of the transaction; that is, we assess the exchange rate sensitivity of export prices (denominated in the exporter's currency). We first sketch out a streamlined analytical model that highlights some key factors that determine pass-through. Using this model as reference, we find that the prices charged on exports to the United States are more responsive to the exchange rate than is the case for export prices to other destinations, which is consistent with results in the literature suggesting that import price pass-through in the U.S. market is relatively low. We also find that moves in the exchange rate sensitivity of export prices over time have been significantly affected by country and region-specific factors, including the Asian financial crisis (for emerging Asia), deepening integration with the United States (for Canada), and the effects of the 1992 ERM crisis (for the United Kingdom)"--Federal Reserve Board web site.
Exchange Rate Pass Through To Export Prices
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Author : Robert J. Vigfusson
language : en
Publisher:
Release Date : 2007
Exchange Rate Pass Through To Export Prices written by Robert J. Vigfusson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Exchange rate pass-through categories.
A growing body of empirical work has found evidence of a decline in exchange rate pass-through to import prices in a number of industrial countries. Our paper complements this work by examining pass-through from the other side of the transaction; that is, we assess the exchange rate sensitivity of export prices (denominated in the exporter's currency). We first sketch out a streamlined analytical model that highlights some key factors that determine pass-through. Using this model as reference, we find that the prices charged on exports to the United States are more responsive to the exchange rate than is the case for export prices to other destinations, which is consistent with results in the literature suggesting that import price pass-through in the U.S. market is relatively low. We also find that moves in the exchange rate sensitivity of export prices over time have been significantly affected by country and region-specific factors, including the Asian financial crisis (for emerging Asia), deepening integration with the United States (for Canada), and the effects of the 1992 ERM crisis (for the United Kingdom).
Tariff Passthrough At The Border And At The Store Evidence From Us Trade Policy
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Author : Alberto Cavallo
language : en
Publisher: International Monetary Fund
Release Date : 2019-11-01
Tariff Passthrough At The Border And At The Store Evidence From Us Trade Policy written by Alberto Cavallo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-01 with Business & Economics categories.
We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence has fallen largely on the United States. Since we estimate the response of prices to exchange rates to be far more muted, the recent depreciation of the Chinese renminbi is unlikely to alter this conclusion. Next, using product-level data from several large multi-national retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed. Some affected product categories have seen sharp price increases, but the difference between affected and unaffected products is generally quite modest, suggesting that retail margins have fallen. These retailers' imports increased after the initial announcement of possible tariffs, but before their full implementation, so the intermediate passthrough of tariffs to their prices may not persist. Finally, in contrast to the case of foreign exporters facing US tariffs, we show that US exporters lowered their prices on goods subjected to foreign retaliatory tariffs compared to exports of non-targeted goods.
Exchange Rate Pass Through To Export Prices
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Author : Robert J. Vigfusson
language : en
Publisher:
Release Date : 2008
Exchange Rate Pass Through To Export Prices written by Robert J. Vigfusson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
A growing body of empirical work has found evidence of a decline in exchange rate pass-through to import prices in a number of industrial countries. Our paper complements this work by examining pass-through from the other side of the transaction; that is, we assess the exchange rate sensitivity of export prices (denominated in the exporter's currency). We first sketch out a streamlined analytical model that highlights some key factors that determine pass-through. Using this model as reference, we find that the prices charged on exports to the United States are more responsive to the exchange rate than is the case for export prices to other destinations, which is consistent with results in the literature suggesting that import price pass-through in the U.S. market is relatively low. We also find that moves in the exchange rate sensitivity of export prices over time have been significantly affected by country and region-specific factors, including the Asian financial crisis (for emerging Asia), deepening integration with the United States (for Canada), and the effects of the 1992 ERM crisis (for the United Kingdom).