Exchange Rate Pass-Through on Prices in Macrodata: A Comparative Sensitivity Analysis

Alexander Mihailov ()

Economics Discussion Papers from University of Essex, Department of Economics

Abstract: The paper compares exchange rate pass-through on aggregate prices in the US,Germany and Japan across a number of dimensions. Building on the empirical approaches in the recent literature, our contribution is to perform a thorough sensitivity analysis of alternative pass-through estimates. We find that the econometric method, data frequency and variable proxy employed matter for the precision of details, yet they often agree on some general trends. Thus, pass-through on import prices has declined in the 1990s relative to the 1980s, pass-through on export prices remains country-specific and pass-through on consumer prices is nowadays negligible in all three economies we consider.

Keywords: exchange rate pass-through; aggregate prices; sensitivity analysis; international comparisons (search for similar items in EconPapers)
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://repository.essex.ac.uk/8867/ original version (application/pdf)

Related works:
Journal Article: Exchange rate pass-through to prices in macrodata: a comparative sensitivity analysis (2009)
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:esx:essedp:8867

Ordering information: This working paper can be ordered from
Discussion Papers Administrator, Department of Economics, University of Essex, Wivenhoe Park, Colchester CO4 3SQ, U.K.

Access Statistics for this paper

More papers in Economics Discussion Papers from University of Essex, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Essex Economics Web Manager ().