| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11632 |
| 来源ID | Working Paper 11632 |
| Exchange-Rate Pass-Through to Import Prices in the Euro Area | |
| José Manuel Campa; Linda S. Goldberg; José M. González-Mínguez | |
| 发表日期 | 2005-09-26 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper presents an empirical analysis of transmission rates from exchange rate movements to import prices, across countries and product categories, in the euro area over the last fifteen years. Our results show that the transmission of exchange rate changes to import prices in the short run is high, although incomplete, and that it differs across industries and countries; in the long run, exchange rate pass-through is higher and close to one. We find no strong statistical evidence that the introduction of the euro caused a structural change in this transmission. Although estimated point elasticities seem to have declined since the introduction of the euro, we find little evidence of a structural break in the transmission of exchange rate movements except in the case of some manufacturing industries. And since the euro was introduced, industries producing differentiated goods have been more likely to experience reduced rates of exchange rate pass-through to import prices. Exchange rate changes continue to lead to large changes in import prices across euro-area countries. |
| 主题 | International Economics ; International Finance ; International Macroeconomics |
| URL | https://www.nber.org/papers/w11632 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569277 |
| 推荐引用方式 GB/T 7714 | José Manuel Campa,Linda S. Goldberg,José M. González-Mínguez. Exchange-Rate Pass-Through to Import Prices in the Euro Area. 2005. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w11632.pdf（259KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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