Exchange-rate pass-through at the product level

Isabelle Mejean, Guillaume Gaulier and Amina Lahreche-Révil
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Amina Lahreche-Révil: CEPII - Centre d'Etudes Prospectives et d'Informations Internationales - Centre d'analyse stratégique, UPJV - Université de Picardie Jules Verne

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Abstract: We use a detailed database to investigate exchange-rate pass-through at the product level for a large number of countries. The empirical analysis suggests that pricing behaviours are dichotomous, with complete pass-through in around 25% of sectors and significant pricing-to-market in the remaining ones. Average long-run pass-through coefficient is close to 80%; this result hides a strong heterogeneity of pass-through behaviours across sectors. Even when composition effects are controlled for, average pass-through varies across importing countries. The econometric analysis shows that pass-through tends to be higher in volatile environments; in less developed countries; in weakly integrated markets.

Date: 2008-05
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Citations: View citations in EconPapers (27)

Published in Canadian Journal of Economics, 2008, 41 (2), pp.425-449. ⟨10.1111/j.1365-2966.2008.00469.x⟩

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Related works:
Journal Article: Exchange-rate pass-through at the product level (2008)
Journal Article: Exchange‐rate pass‐through at the product level (2008)
Working Paper: Exchange-Rate Pass-Trough at the Product Level (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00363075

DOI: 10.1111/j.1365-2966.2008.00469.x

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