Flexible Exchange Rates and Commodity Price Changes: The Case of Japan

Cathy L. Jabara and Nancy E. Schwartz

No 277897, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Knowledge of the degree to which exchange rate changes are passed on to consumers in importing countries is important in determining how changes in exchange rates affect demand for U.S. agricultural exports. This report analyzes the responsiveness of Japanese wholesale prices to changes in the yen/U.S. dollar exchange rate from 1974 to 1984 for beef, corn, cotton, soybeans, and wheat. The degree to which U.S. exporters and Japanese importers pass on exchange rate changes (exchange rate pass-through) depended on the market structure characteristics for the particular commodity, and on whether the U.S. dollar was increasing or decreasing relative to the yen.

Keywords: Demand and Price Analysis; Financial Economics (search for similar items in EconPapers)
Pages: 28
Date: 1986-08
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/277897/files/ers-report-252.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:277897

DOI: 10.22004/ag.econ.277897

Access Statistics for this paper

More papers in Staff Reports from United States Department of Agriculture, Economic Research Service Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().