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Pricing-to-Market in Swedish Exports

Annika Alexius () and Anders Vredin ()

Scandinavian Journal of Economics, 1999, vol. 101, issue 2, pages 223-39

Abstract: Fluctuations in prices of Swedish exports to five countries are investigated in this paper. The authors test whether there are systematic differences between prices to different markets and whether relative export prices are affected by macroeconomic conditions in destination countries. The test results indicate that deviations from no pricing-to-market and neutrality of money are quite common and persistent. Over a sample of fifteen years, long-run monetary neutrality is rejected in almost half of the cases. In most cases, the degree of pricing-to-market is also affected by aggregate demand in export markets. Copyright 1999 by The editors of the Scandinavian Journal of Economics.

Date: 1999
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Working Paper: Pricing-to-Market in Swedish Exports (1996)
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