Arbeitspapier

Exchange Rate Pass-through into German Import Prices – A Disaggregated Perspective

This study analyzes the exchange rate pass-through into German import prices based on disaggregated data taken on a monthly basis between 1995 and 2012. Our main contribution is twofold: firstly, we employ various time-series techniques to analyze data for different product categories, and also cointegration techniques to carefully distinguish between shortrun and long-run pass-through coefficients. Secondly, in a panel data approach we estimate time-varying pass-through coefficients and explain their development with regard to various macroeconomic factors. Our results show that long-run pass-through is only partly observable and incomplete, while short-run passthrough shows a more unique character, although heterogeneity across product groups does exist. We are also able to identify several macroeconomic factors which determine changes in the degree of pass-through, which is especially relevant for policymakers.

ISBN
978-3-86788-483-9
Sprache
Englisch

Erschienen in
Series: Ruhr Economic Papers ; No. 427

Klassifikation
Wirtschaft
Price Level; Inflation; Deflation
Trade: General
Empirical Studies of Trade
Thema
exchange rate pass-through
germany
cointegration
time-varying
coefficient model

Ereignis
Geistige Schöpfung
(wer)
Beckmann, Joscha
Belke, Ansgar
Verheyen, Florian
Ereignis
Veröffentlichung
(wer)
Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
(wo)
Essen
(wann)
2013

DOI
doi:10.4419/86788483
Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Beckmann, Joscha
  • Belke, Ansgar
  • Verheyen, Florian
  • Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)

Entstanden

  • 2013

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