Pass-through of Competitors' Exchange Rates to U.S. Import and Producer Prices

Pass-through of Competitors' Exchange Rates to U.S. Import and Producer Prices

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 effect...

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Bibliographic Details
Main Author: Pennings, Steven
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
import prices
exchange rates
industry aggregation model
Online Access:http://documents.worldbank.org/curated/en/515151482175641851/Pass-through-of-competitors-exchange-rates-to-us-import-and-producer-prices
http://hdl.handle.net/10986/25829

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