EXCHANGE RATE PASS-THROUGH INTO RETAIL PRICES

• 成果类型: Article
• 署名作者: Antoniades, Alexis; Zaniboni, Nicola
• 署名单位: Georgetown University
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12203
• 发表日期: 2016
• 页码: 1425-1447
• 关键词: quality; TRADE; exporters; import; MODEL

摘要

We study exchange rate pass-through and its determinants using scanner data on fast moving consumer goods sold by 1,041 outlets in the United Arab Emirates between 2006 and 2010. The data are augmented with country of origin information. Our main finding is that exchange rate pass-through varies more across retailers within regions than across regions, and in particular that pass-through increases with retailer market share. We also find that exchange rate pass-through is negatively correlated with both product quality and the elasticity of substitution of the product category and positively correlated with the frequency of price adjustment.