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The prices of higher quality goods respond less to exchange-rate movements
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Chen, Natalie and Juvenal, Luciana (2014) The prices of higher quality goods respond less to exchange-rate movements. VoxEU.
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Official URL: http://www.voxeu.org/article/quality-goods-and-pas...
Abstract
Empirical research finds that import prices do not fully adjust to exchange-rate changes. In other word, there is a limited response of trade to exchange-rate fluctuations. This column argues that part of this pass-through puzzle is explained by quality. Exchange-rate movements are more strongly absorbed into the export prices of higher quality goods. Therefore, the volume of their exports would be less responsive to exchange-rate shocks, leading to an incomplete exchange-rate pass-through.
| Item Type: | Scholarly Text | ||||
|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Economics | ||||
| Publisher: | VoxEU | ||||
| Official Date: | 15 January 2014 | ||||
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| Status: | Not Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Open Access (Creative Commons) |
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