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Exchange rate pass-through to import prices in the euro area

Campa, José Manuel; Goldberg, Linda S.; … - 2005

countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of … introduction of the euro caused a structural change in exchange rate pass-through. Although some estimated point elasticities have … manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to …

Persistent link: https://www.econbiz.de/10010283307

Imperfect exchange rate pass-through: the role of distribution services and variable demand elasticity

Jeanfils, Philippe - 2008

This paper examines which mechanisms are likely to dampen the price pressures in the wake of exchange rate movements. In addition to nominal frictions frequently used in sticky-price models, it jointly introduces two features that have hitherto been considered separately in the existing...

Persistent link: https://www.econbiz.de/10011506656

Exchange rate pass-through and inflation dynamics in Tunisia: A Markov-Switching approach

Khemiri, Rim; Ali, Mohamed Sami Ben - 2012

This paper studies the effect of exchange rate pass-through on inflation in Tunisia over the period 2001-2009. The authors' objective is to track inflation regimes for the Tunisian economy and to forecast its determinants. Using a Markov-switching approach, the authors identified two main...

Persistent link: https://www.econbiz.de/10010310073

Macroeconomics of international price discrimination

Corsetti, Giancarlo; Dedola, Luca - 2002

export demand depends on the exchange rate. Profit-maximizing monopolistic firms drive a wedge between wholesale and retial …

Persistent link: https://www.econbiz.de/10011604222

Do central banks respond to exchange rate movements? Some new evidence from structural estimation

Dong, Wei - 2008

This paper investigates the impact of exchange rate movements on the conduct of monetary policy in Australia, Canada, New Zealand and the United Kingdom. We develop and estimate a structural general equilibrium two-sector model with sticky prices and wages and limited exchange rate pass-through....

Persistent link: https://www.econbiz.de/10010279936

In search of real rigidities

Gopinath, Gita; Itskhoki, Oleg - 2010

The closed and open economy literatures both work on evaluating the role of real rigidities, but in parallel. This paper brings the two literatures together. We use international price data and exchange rate shocks to evaluate the importance of real rigidities in price setting. We show that,...

Persistent link: https://www.econbiz.de/10010280896

The internationalization of the dollar and trade balance adustment

Goldberg, Linda; Tille, Cédric - 2006

dollar depreciation on real trade flows is dominated by an adjustment in U.S. export quantities, which increase as U.S. goods …

Persistent link: https://www.econbiz.de/10010283320

Exchange rate pass-through into import prices: A macro or micro phenomenon?

Campa, José Manuel; Goldberg, Linda S. - 2002

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...

Persistent link: https://www.econbiz.de/10010283348

A decomposition of the sources of incomplete cross-border transmission

Hellerstein, Rebecca - 2006

Despite its importance, the microeconomics of the international transmission of shocks is not well understood. The conventional wisdom is that relative price changes are the primary mechanism by which shocks are transmitted across borders. Yet traded-goods prices exhibit significant inertia in...

Persistent link: https://www.econbiz.de/10010283375

Distribution margins, imported inputs, and the sensitivity of the CPI to exchange rates

Campa, José Manuel; Goldberg, Linda S. - 2006

Border prices of traded goods are highly sensitive to exchange rates; however, the consumer price index (CPI) and the retail prices of goods that make up the CPI are more stable. This paper decomposes the sources of this price stability for twenty-one OECD (Organisation for Economic Co-operation...

Persistent link: https://www.econbiz.de/10010283380