Exchange Rates and Prices

Dornbusch, Rüdiger

doi:10.3386/w1769

Cited by 421 publications

(560 citation statements)

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“…Tanto o modelo "hysteresis" como as evidências empíricas mostram que mudanças na taxa de câmbio trazem impactos diferentes para os diversos setores da economia devido às peculiaridades de cada setor. Estas peculiaridades (ou características) podem ser definidas pelos diferentes níveis de investimento inicial (Baldwin, 1988), pelo nível de substitutabilidade de bens (Dornbusch, 1987), ou se os produtos são ou não duráveis (Froot e Klemperer, 1989).…”

Section: Efeitos Da Volatilidade Cambial Em Vários Setoresunclassified

Impactos da volatilidade da taxa de câmbio no comércio setorial do Mercosul

2007

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Section: Efeitos Da Volatilidade Cambial Em Vários Setoresunclassified

Impactos da volatilidade da taxa de câmbio no comércio setorial do Mercosul

2007

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“…Par conséquent les variations des parts de marché atténuent les changements dans le taux de change. Dornbusch (1987) présente plusieurs modèles théoriques démontrant le processus d'ajustement des prix relatifs lors des fluctuations des taux de change. Chacun de ces modèles de prix est basé sur l'idée que les ajustements des prix proviennent de changements dans les coûts relatifs d'une unité de main-d'oeuvre.…”

Section: Modèles De Comportements Stratégiquesunclassified

Le pass-through du taux de change

Sabiston

2009

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RÉSUMÉÀ la suite de la disparition du système de Bretton Woods, le taux de change flottant n’a pas joué son rôle prévu d’équilibrage; les balances commerciales des principales nations impliquées dans le commerce n’ont tout simplement pas répondu, selon les attentes, aux appréciations et dépréciations de la monnaie. La piètre valeur prophétique des modèles traditionnels de l’élasticité du taux de change a renouvelé l’intérêt dans le lien théorique entre les taux de change et les prix des biens commerciaux. Cet article présente une étude critique de la nouvelle documentation théorique et empirique portant sur lepass-throughdu taux de change dans le but de donner une ligne directrice aux recherches ultérieures.

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“…Reflecting the seminal result of Dornbusch (1987), in (4), the ERPT given by (1 − νΓ)/(2 − νΓ) depends on degree of price competition. In particular, perfect competition with ν = −∞ implies that (1 − νΓ)/(2 − νΓ) = 1 and the adjustment of import prices to exchange rate movements is instantaneous and complete.…”

Section: Market Entry and Exchange Rate Pass-throughmentioning

confidence: 99%

“…Imperfect competition has provided a second explanation for why foreign firms only partially adjust their import prices to changes in the exchange rate. Dornbusch (1987) has pioneered the literature embedding the ERPT into models of industrial organisation. A strand of the literature tying the incomplete ERPT with oligopolistic market structures and product differentiation has allowed for the possibility that market entries and exits by foreign firms alter the degree of import competition.…”

Section: Introductionmentioning

confidence: 99%

Market Entries and Exits and the Nonlinear Behaviour of the Exchange Rate Pass-Through into Import Prices

Herger¹

2014

Open Econ Rev

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. This discussion paper series represents research work-in-progress and is distributed with the intention to foster discussion. The views herein solely represent those of the authors. No research paper in this series implies agreement by the Study Center Gerzensee and the Swiss National Bank, nor does it imply the policy views, nor potential policy of those institutions. Terms of use: Documents in EconStor may Market Entries and Exits and the Nonlinear Behaviour of the Exchange Rate Pass-Through into Import PricesNils Herger * October 2013Abstract This paper develops an empirical framework giving rise to a nonlinear behaviour of the exchange rate pass-through (ERPT). Rather than shifts between low and high inflation, the nonlinearity arises when large swings in the exchange rate trigger market entries and exits of importing firms. Switching regressions are used to distinguish between low and high pass-through regimes of the exchange rate into import prices. For the case of Switzerland, the corresponding results suggest that, though inflation has been low and stable, the ERPT still doubles in value in times of a rapid appreciation of the Swiss Franc.JEL classification: F15, F31, L11

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Exchange Rates and Prices

Cited by 421 publications

References 0 publications

Impactos da volatilidade da taxa de câmbio no comércio setorial do Mercosul

Impactos da volatilidade da taxa de câmbio no comércio setorial do Mercosul

Le pass-through du taux de change

Market Entries and Exits and the Nonlinear Behaviour of the Exchange Rate Pass-Through into Import Prices

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