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Export to Refworks부가기능
The exchange rate pass-through to import and export prices : the role of nominal rigidities and currency choice
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| 자료유형 | 단행본 |
|---|---|
| 서명/저자사항 | The exchange rate pass-through to import and export prices : the role of nominal rigidities and currency choice/ Ehsan U. Choudhri and Dalia S. Hakura. |
| 개인저자 | Choudhri, Ehsan U.,author. Hakura, Dalia S, |
| 단체저자명 | International Monetary Fund. Institute for Capacity Development. |
| 발행사항 | Washington, D.C.: International Monetary Fund, Institute for Capacity Development, 2012. |
| 형태사항 | 1 online resource (34 pages). |
| 총서사항 | IMF working paper;WP/12/226 |
| ISBN | 9781475589801 1475589808 |
| 일반주기 |
"September 2012."
|
| 서지주기 | Includes bibliographical references. |
| 요약 | "Using both regression- and VAR-based estimates, the paper finds that the exchange rate pass-through to import prices for a large number of countries is incomplete and larger than the pass-through to export prices. Previous studies have reported similar results, which give rise to the puzzle that while local currency pricing is needed to account for incomplete import price pass-through, it would not imply a lower export price passthrough. Recent explanations of this puzzle have emphasized markup adjustment in response to exchange rate changes. This paper suggests an alternative explanation based on the presence of both producer and local currency pricing. Using a dynamic general equilibrium model, the paper shows that a mix of producer and local currency pricing can explain the pass-through evidence even with a constant markup. The model can also explain the observed exchange rate and inflation variability as well as the fact that the regression and VAR estimates tend to be similar."--Abstract. |
| 일반주제명 | Foreign exchange rates --Econometric models. Imports --Econometric models. Exports --Econometric models. BUSINESS & ECONOMICS --Finance. Exports --Econometric models. Foreign exchange rates --Econometric models. Imports --Econometric models. |
| 언어 | 영어 |
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