scholarly journals The Hitchhiker’s Guide to Missing Import Price Changes and Pass-Through

2012 ◽  
Author(s):  
Etienne Gagnon ◽  
Benjamin R. Mandel ◽  
Robert John Vigfusson
Keyword(s):  
Import Price ◽  
Price Changes ◽  
Pass Through

scholarly journals Retailers and Consumers: The Pass-through of Import Price Changes

World Economy ◽  
2016 ◽  
Vol 40 (7) ◽  
pp. 1314-1344 ◽  
Author(s):  
Eike Berner ◽  
Laura Birg ◽  
Dominik Boddin
Keyword(s):  
Import Price ◽  
Price Changes ◽  
Pass Through

scholarly journals Missing Import Price Changes and Low Exchange Rate Pass-Through

2014 ◽  
Vol 6 (2) ◽  
pp. 156-206 ◽  
Author(s):  
Etienne Gagnon ◽  
Benjamin R. Mandel ◽  
Robert J. Vigfusson
Keyword(s):  
Exchange Rate ◽  
Large Body ◽  
Empirical Work ◽  
Import Price ◽  
Price Changes ◽  
Import Price Index ◽  
Exchange Rate Movements ◽  
Pass Through ◽  
Exchange Rate Pass Through ◽  
Bureau Of Labor Statistics

A large body of empirical work has found that exchange rate movements have only modest effects on US inflation. However, exchange rate pass-through may be underestimated because some price changes are missed when constructing price indexes. We investigate downward biases that arise when items exit or enter the US import price index. Using Bureau of Labor Statistics microdata, we find that, although potentially large in theory, the empirical biases are modest over typical forecast horizons. As such, the empirical evidence continues to support the conclusion that pass-through to US import prices is low. (JEL C43, E31, E52, F31)

scholarly journals Missing Import Price Changes and Low Exchange Rate Pass-through

2012 ◽  
Vol 2012 (1040r) ◽  
pp. 1-58 ◽  
Author(s):  
Etienne Gagnon ◽  
◽  
Benjamin R. Mandel ◽  
Robert J. Vigfusson
Keyword(s):  
Exchange Rate ◽  
Import Price ◽  
Price Changes ◽  
Pass Through ◽  
Exchange Rate Pass Through

scholarly journals The Hitchhiker's Guide to Missing Import Price Changes and Pass-through

2012 ◽  
Vol 2012 (1040) ◽  
pp. 1-54
Author(s):  
Etienne Gagnon ◽  
◽  
Benjamin R. Mandel ◽  
Robert J. Vigfusson
Keyword(s):  
Import Price ◽  
Price Changes ◽  
Pass Through

scholarly journals The Hitchhiker’s Guide to Missing Import Price Changes and Pass-Through

2012 ◽  
Author(s):  
Robert John Vigfusson ◽  
Etienne Gagnon ◽  
Benjamin R. Mandel
Keyword(s):  
Import Price ◽  
Price Changes ◽  
Pass Through

scholarly journals Exchange Rate Pass Through in a Small Open Economy: A case study of West African Monetary Zone

2013 ◽  
Vol 9 (4) ◽  
pp. 275-290
Author(s):  
Rahman olanrewaju Raji
Keyword(s):  
Exchange Rate ◽  
Open Economy ◽  
Price Index ◽  
Time Series Data ◽  
Consumer Price Index ◽  
Import Price ◽  
Series Data ◽  
Import Prices ◽  
Pass Through ◽  
Exchange Rate Pass Through

The  study investigated the magnitude of exchange rate pass through to import prices and domestic prices    (consumer price index) in WAMZ economy using quarterly time-series data between 2000 and 2010 with the aids of Vector autoregressive (VAR) modeling technique supported with Johansen co-integration approach cross country analysis comprising of Gambia, Ghana, Nigeria and Sierra-Leone. The study discovered that transmission of exchange rate to import prices is more when compared with consumer price in the zone while the contributions of exchange rate to import price are not less 13 percent at average in entire zone. Consumer price index was explained by exchange rate pass through with an average of 26 percent in the zone where the pass through to consumer price is less than two percent in Ghanaian economy. The Taylor (2000) hypothesis was observed in the study where Ghana and Nigeria are the outlier economies while Nigeria established a positive relationship between interest rate volatility and exchange rate pass through to import prices.

scholarly journals A Study on the Pass-Through Rate of the Exchange Rate on the Liquid Natural Gas (LNG) Import Price in China

2020 ◽  
Vol 8 (4) ◽  
pp. 70
Author(s):  
Chaofeng Tang ◽  
Kentaka Aruga
Keyword(s):  
Exchange Rate ◽  
Natural Gas ◽  
Exchange Rates ◽  
Import Price ◽  
Monetary Reform ◽  
Lag Effect ◽  
The Exchange Rate ◽  
Pass Through ◽  
Liquid Natural Gas ◽  
The Impact

The Chinese liquid natural gas (LNG) import price has been unstable because the stability of LNG import prices is related to changes in the exchange rates. This paper analyzes the pass-through rate of the Chinese Yuan (CNY) and Japanese Yen (JPY) on the Chinese LNG import price. The Time-Varying Parameter vector autoregressive (TVP-VAR) model is adopted to verify the pass-through rate of the exchange rates on the LNG import price using the Markov chain Monte Carlo (MCMC) method. Since September 2005, the JPY pass-through rate on the Chinese LNG import price has been decreasing while that of the CNY has been increasing. Notably, the pass-through rate of CNY began to exceed that of JPY after 2008. Moreover, since 2005, the lag effect of the CNY on the Chinese LNG import price became longer compared to JPY. If any new currency reform of the CNY is implemented in the future, then the impact of JPY on the Chinese LNG import price could be reduced and the lag effect of the CNY on the Chinese LNG import price could become longer. Therefore, the fluctuation of the CNY is becoming an important factor in understanding the movements of the Chinese LNG import price. This implies the significance of considering the effect of the exchange rate on an energy market when the market is influenced by a monetary reform of the importing country.

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