Benkovskis, Konstantins; Wörz, Julia - Oesterreichische Nationalbank - 2011
Understanding the dynamics of import price developments is an important but challenging issue which affects the way we … look on consumers' welfare, real exchange rates and exchange rate pass-through. In this paper we propose an exact import … the set of imported goods and the quality to vary. This variety-, set-of-products-, and quality-adjusted import price …