Exchange rates, tariffs and prices in 1930s Britain

Jagjit Chadha (), Jason Lennard, Solomos Solomou and Ryland Thomas

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper investigates the degree of pass-through from import prices and tariffs to wholesale prices in interwar Britain using a new high-frequency micro data set. The main results are: (i) Pass-through from import prices and tariffs to wholesale prices was economically and statistically significant. (ii) Despite devaluation, import prices exacerbated deflation in the early 1930s because of the global slump in export prices. (iii) Rising protection, however, was a mild stimulus to prices during the shift to inflation.

Keywords: exchange rates; interwar; pass-through; prices; tariffs; United Kingdom (search for similar items in EconPapers)
JEL-codes: E31 F13 N14 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2023-02-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://eprints.lse.ac.uk/118237/ Open access version. (application/pdf)

Related works:
Working Paper: Exchange Rates, Tariffs and Prices in 1930s' Britain (2023)
Working Paper: Exchange Rates, Tariffs and Prices in 1930s’ Britain (2023)
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:ehl:lserod:118237

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().