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标题：Import price dynamics in major advanced economies and heterogeneity in exchange rate pass-through
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作者：Stéphane Dées ; Matthias Burgert ; Nicolas Parent 等
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2008
卷号：1
出版社：European Central Bank
摘要：This paper aims at showing heterogeneity in the degree of exchange rate pass-through to import prices in major advanced economies at three di¤erent levels: 1) across destination markets ; 2) across types of exporters (distinguishing developed economy from emerging economy exporters); and 3) over time. Based on monthly data over the period 1991-2007, the results show rst that large destination markets exhibit the lowest degree of pass-through. The degree of pass-through for goods imported from emerging economies is also signicantly lower than for those from developed economies. Regarding the evolution over time, no clear change in pricing behaviours can be identied and particular events, like large exchange rates depreciations during the Asian crisis, seem to inuence the degree of pass-through related to imports from emerging economies.
关键词：Pricing to Market; Exchange rate pass-through; Import;price modeling.