Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/44350 
Autor:innen: 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
Economics Working Paper No. 2011-01
Verlag: 
Kiel University, Department of Economics, Kiel
Zusammenfassung: 
This paper examines exchange rate pass-through into German import unit values over the last 20 years. I find incomplete pass-through to be the predominant characteristic for German imports with an average rate of 42% over three months. This result holds when considering monthly 8-digit data, the most disaggregated German import data available. Furthermore, I distinguish 16 German trading partners and estimate substantial cross-country differences in the pass-through to import unit values. Imports coming from European countries generally exhibit statistically zero pass-through. By contrast, non-European trading partners are characterized by statistically significant incomplete pass-through rates. I also study whether there are differences in the pass-through rates for appreciations and depreciations, as well as for small and large exchange rate shocks. Moreover, I test for a negative correlation between the goods' quality and its pass-through rate.
Schlagwörter: 
exchange rate
pass-through
import prices
Germany
JEL: 
F42
F31
F14
Dokumentart: 
Working Paper

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