Exchange-rate pass-through to import prices in the euro area:
"This paper presents an empirical analysis of transmission rates from exchange rate movements to import prices, across countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of exchange rate changes to import prices in the short ru...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Schriftenreihe: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11632 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "This paper presents an empirical analysis of transmission rates from exchange rate movements to import prices, across countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of exchange rate changes to import prices in the short run is high, although incomplete, and that it differs across industries and countries; in the long run, exchange rate pass-through is higher and close to one. We find no strong statistical evidence that the introduction of the euro caused a structural change in this transmission. Although estimated point elasticities seem to have declined since the introduction of the euro, we find little evidence of a structural break in the transmission of exchange rate movements except in the case of some manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to experience reduced rates of exchange rate pass-through to import prices. Exchange rate changes continue to lead to large changes in import prices across euro-area countries"--National Bureau of Economic Research web site. |
| Beschreibung: | 36 S. graph. Darst. |
Internformat
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| 490 | 1 | |a National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |v 11632 | |
| 520 | 3 | |a "This paper presents an empirical analysis of transmission rates from exchange rate movements to import prices, across countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of exchange rate changes to import prices in the short run is high, although incomplete, and that it differs across industries and countries; in the long run, exchange rate pass-through is higher and close to one. We find no strong statistical evidence that the introduction of the euro caused a structural change in this transmission. Although estimated point elasticities seem to have declined since the introduction of the euro, we find little evidence of a structural break in the transmission of exchange rate movements except in the case of some manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to experience reduced rates of exchange rate pass-through to import prices. Exchange rate changes continue to lead to large changes in import prices across euro-area countries"--National Bureau of Economic Research web site. | |
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Datensatz im Suchindex
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| id | DE-604.BV021299074 |
| illustrated | Illustrated |
| index_date | 2024-07-02T13:52:07Z |
| indexdate | 2024-07-09T20:35:04Z |
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| language | English |
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| physical | 36 S. graph. Darst. |
| publishDate | 2005 |
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| publisher | National Bureau of Economic Research |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Campa, José Manuel 1964- Verfasser (DE-588)123077370 aut Exchange-rate pass-through to import prices in the euro area José Manuel Campa ; Linda S. Goldberg ; José M. González-Mínguez Cambridge, Mass. National Bureau of Economic Research 2005 36 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11632 "This paper presents an empirical analysis of transmission rates from exchange rate movements to import prices, across countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of exchange rate changes to import prices in the short run is high, although incomplete, and that it differs across industries and countries; in the long run, exchange rate pass-through is higher and close to one. We find no strong statistical evidence that the introduction of the euro caused a structural change in this transmission. Although estimated point elasticities seem to have declined since the introduction of the euro, we find little evidence of a structural break in the transmission of exchange rate movements except in the case of some manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to experience reduced rates of exchange rate pass-through to import prices. Exchange rate changes continue to lead to large changes in import prices across euro-area countries"--National Bureau of Economic Research web site. Foreign exchange rates European Union countries Imports Prices European Union countries Europäische Union. Mitgliedsstaaten Goldberg, Linda S. Verfasser (DE-588)129334960 aut González Mínguez, José Manuel Verfasser (DE-588)129521817 aut Erscheint auch als Internetausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11632 (DE-604)BV002801238 11632 http://papers.nber.org/papers/w11632.pdf kostenfrei Volltext |
| spellingShingle | Campa, José Manuel 1964- Goldberg, Linda S. González Mínguez, José Manuel Exchange-rate pass-through to import prices in the euro area National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Foreign exchange rates European Union countries Imports Prices European Union countries |
| title | Exchange-rate pass-through to import prices in the euro area |
| title_auth | Exchange-rate pass-through to import prices in the euro area |
| title_exact_search | Exchange-rate pass-through to import prices in the euro area |
| title_exact_search_txtP | Exchange-rate pass-through to import prices in the euro area |
| title_full | Exchange-rate pass-through to import prices in the euro area José Manuel Campa ; Linda S. Goldberg ; José M. González-Mínguez |
| title_fullStr | Exchange-rate pass-through to import prices in the euro area José Manuel Campa ; Linda S. Goldberg ; José M. González-Mínguez |
| title_full_unstemmed | Exchange-rate pass-through to import prices in the euro area José Manuel Campa ; Linda S. Goldberg ; José M. González-Mínguez |
| title_short | Exchange-rate pass-through to import prices in the euro area |
| title_sort | exchange rate pass through to import prices in the euro area |
| topic | Foreign exchange rates European Union countries Imports Prices European Union countries |
| topic_facet | Foreign exchange rates European Union countries Imports Prices European Union countries Europäische Union. Mitgliedsstaaten |
| url | http://papers.nber.org/papers/w11632.pdf |
| volume_link | (DE-604)BV002801238 |
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