New Keynesian exchange rate pass-through /

Using the theory of optimal local currency pricing, this paper constructs a structural equation to estimate the rate at which foreign producer prices pass through the local currency prices of imported goods in the U.S. This can be viewed as measuring exchange rate pass-through, in line with price st...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Choi, Woon Gyu, 1960- (Autor), Cook, David, 1966 May 2- (Autor)
Autor Corporativo: IMF Institute
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, ©2008.
Colección:IMF working paper ; WP/08/213.
Temas:
Foreign exchange rates > United States > Econometric models.
Phillips curve > Econometric models.
Taux de change > États-Unis > Modèles économétriques.
Courbe de Phillips > Modèles économétriques.
Foreign exchange rates > Econometric models
Phillips curve > Econometric models
Exchange Rate Pass-Through.
Ungleichgewichtstheorie.
Theorie.
United States
Acceso en línea:Texto completo
Tabla de Contenidos:
  • I. Introduction; II. The Model; III. The Data; Figures; 1. The Trade-Weighted Index of the Relative Prices; 2. U.S. Import Price Inflation and Foreign PPI Inflation; IV. Estimated Results; A. Defining Exchange Rate Pass-through; B. Benchmark Regressions; Tables; 1. Estimation Results of the Pass-Through Effect Model; C. Estimating Pass-Though Effects for a Sub-sample Period; D. Robustness Checks: Alternative Specification; 2. Estimating the Pass-through Effect Model: Alternative Specifications; E. Pass-through Effect Model with a Mix of LCP and PCP
  • 3. Estimating the Pass-through Effect Model: A Mix of LCP and PCPF. Regional Models and Country Specific Exports; 4. Regional Pass-through Effect Model: A Mix of LCP and PCP; V. Conclusion; References; Appendix

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