TY  - BOOK
AU  - Choudhri,Ehsan U.
AU  - Hakura,Dalia S.
ED  - International Monetary Fund.
TI  - The exchange rate pass-through to import and export prices: the role of nominal rigidities and currency choice 
T2  - IMF working paper
SN  - 9781475589801
AV  - HG3821 .C46 2012eb
U1  - 332.4/5 23
PY  - 2012///
CY  - Washington, D.C.
PB  - International Monetary Fund, Institute for Capacity Development
KW  - Foreign exchange rates
KW  - Econometric models
KW  - Imports
KW  - Exports
KW  - BUSINESS & ECONOMICS
KW  - Finance
KW  - bisacsh
KW  - fast
KW  - Electronic books
N1  - "September 2012."; Includes bibliographical references
N2  - "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
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=568202
ER  -