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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.
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页码:27 / 30
页数:4
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