The effect of firm-level productivity on exchange rate pass-through

被引:12
作者
Cook, Jonathan Aaron [1 ]
机构
[1] USDA, Econ Res Serv, Washington, DC 20024 USA
关键词
Exchange rate pass-through; Heterogeneous firms; Endogenous markups; TRADE; MARKET; PRICES; BIAS;
D O I
10.1016/j.econlet.2013.10.028
中图分类号
F [经济];
学科分类号
02 ;
摘要
A heterogeneous-firm trade model can explain the recent decrease in exchange rate pass-through to aggregate US import prices as a result of decreased trade costs. This paper finds support for this explanation by testing another implication of this type of heterogeneous firm model: lower exchange rate pass-through for goods that are traded for short periods of time. (C) 2013 The Author. Published by Elsevier B.V. All rights reserved.
引用
收藏
页码:27 / 30
页数:4
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