| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4389 |
| DP4389 Differences in Exchange Rate Pass-Through in the Euro Area | |
| José Manuel Campa; Jose Manuel González Mìnguez | |
| 发表日期 | 2004-05-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper focuses on the pass-through of exchange rate changes into the prices of imports made by euro area countries originating outside the area. Using data on import unit values for 13 different product categories for each country, we estimate industry-specific rates of pass-through across and within countries for all euro members. In the short run, pass-through rates differ across industries and countries and are less than one. In the long run neither full pass-through nor equality of pass-through rates across industries and countries can be rejected. Differences exist across euro area countries in the degree that a common exchange rate movement gets transmitted into consumer prices and costs of production indices. Most of these differences in transmission rates are due to the distinct degree of openness of each country to non-euro area imports rather than to the heterogeneity in the structure of imports. |
| 主题 | International Macroeconomics |
| 关键词 | exchange rate Pass-through Euro Monetary union |
| URL | https://cepr.org/publications/dp4389 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533343 |
| 推荐引用方式 GB/T 7714 | José Manuel Campa,Jose Manuel González Mìnguez. DP4389 Differences in Exchange Rate Pass-Through in the Euro Area. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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