State dependent pricing, invoicing currency, and exchange rate pass-through.
We analyze exchange rate pass-through and volatility of import prices in a dynamic framework where firms are subject to menu costs and decide on price adjustments in response to exchange rate innovations. The exchange rate pass-through and import price volatility then depend on the invoicing currenc...
| Publicado en: | Journal of International Economics Vol. 70; no. 1; pp. 177 - 197 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Elsevier Science
September 2006
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=511313946&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 511313946 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00221996 IEM jtl: Journal of International Economics issn: 00221996 maglogo: N pubinfo: dt: September 2006 vid: 70 iid: 1 pid: 467 pub: Elsevier Science artinfo: ui: 511313946 10.1016/j.jinteco.2005.08.002 ppf: 177 ppct: 20 formats: tig: atl: State dependent pricing, invoicing currency, and exchange rate pass-through. aug: au: Flodén, Martin Wilander, Fredrik su: Mathematical models of pricing Foreign exchange Mathematical models sug: subj: Mathematical models of pricing Foreign exchange Mathematical models ab: We analyze exchange rate pass-through and volatility of import prices in a dynamic framework where firms are subject to menu costs and decide on price adjustments in response to exchange rate innovations. The exchange rate pass-through and import price volatility then depend on the invoicing currency in combination with functional forms of cost and demand functions. In particular, there is lower pass-through, less frequent price adjustments, and lower price volatility when prices are set in the importer's currency than when prices are set in the exporter's currency. Copyright (c) 2006 Elsevier B.V. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|