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 effects of competitors' exchange rates typically bias...
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| Format: | Journal Article |
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Elsevier
2018
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| Online Access: | http://hdl.handle.net/10986/29188 |