| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15248 |
| DP15248 Exchange Rate Shocks and Quality Adjustments | |
| Daniel Goetz; Alexander Rodnyansky | |
| 发表日期 | 2020-09-03 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Do firms respond to cost shocks by reducing the quality of their products? Using microdata from a large Russian retailer that refreshes its product line twice-yearly, we document that higher quality products are more profitable than lower quality ones, but that the number of high quality products offered experiences a relative decrease after a large ruble devaluation in 2014. We show that rising firm costs—and not shrinking consumer incomes—explains the reallocation, and rationalize the data with a simple model that features consumer expenditure switching between high and low qualities. The reallocation to lower quality products reduces average pass-through by 15%. |
| 主题 | Industrial Organization ; International Macroeconomics and Finance |
| 关键词 | Quality Exchange rate pass-through Devaluations Crisis Demand estimation |
| URL | https://cepr.org/publications/dp15248 |
| 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/544223 |
| 推荐引用方式 GB/T 7714 | Daniel Goetz,Alexander Rodnyansky. DP15248 Exchange Rate Shocks and Quality Adjustments. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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