Exchange Rate Movements and Tradable Goods Prices in East Asia: An Analysis Based on Japanese Customs Data, 1988-98

Yushi Yoshida and Shinji Takagi

No 1999/031, IMF Working Papers from International Monetary Fund

Abstract: The paper uses a dynamic panel data model to estimate the pass-through coefficients of 20 nine-digit industrial commodities that are traded between Japan and its East Asian trading partners to investigate the response of tradable goods prices to exchange rate movements. By using the monthly series of unit export and import values obtained from the Japanese customs data for the period 1988-98, it shows that price pass-through is much larger for exports from Japan than for imports to Japan.

Keywords: WP; price; import; export; price variable; Exchange rate; tradable goods; pass-through; pass-through coefficient; pricing behavior; price data; price development; cost level; goods price; unit value; yen price; Export prices; Exchange rate adjustments; Exports; Exchange rates; Import prices; East Asia (search for similar items in EconPapers)
Pages: 20
Date: 1999-03-01
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Citations: View citations in EconPapers (28)

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