Auer, Raphael A.; Burstein, Ariel T.; Lein-Rupprecht, … - National Bureau of Economic Research - 2021
We dissect the impact of a large and sudden exchange rate appreciation on Swiss border import prices, retail prices … allocations, impacting retail prices of imports and competing domestic goods, as well as import expenditures. We provide measures … of the sensitivity of retail import prices to border prices and the sensitivity of import shares to relative prices …