Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154234
Authors: 
Demian, Calin-Vlad
di Mauro, Filippo
Year of Publication: 
2015
Series/Report no.: 
ECB Working Paper 1801
Abstract: 
The elasticity of exports to exchange rate fluctuations has been the subject of a large literature without a clear consensus emerging. Using a novel sector level dataset based on firm level information, we show that exchange rate elasticities double in size when the country and sector specific firm productivity distribution is taken into account in empirical estimates. In addition, exports appear to be sensitive to appreciation episodes, but rather unaffected by depreciations. Finally, only rather large changes in the exchange rate appear to matter.
Subjects: 
bilateral trade
exchange rate elasticity
productivity dispersion
TFP
JEL: 
F14
F41
F31
ISBN: 
978-92-899-1614-1
Document Type: 
Working Paper

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