Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/154234 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
ECB Working Paper No. 1801
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
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.
Schlagwörter: 
bilateral trade
exchange rate elasticity
productivity dispersion
TFP
JEL: 
F14
F41
F31
ISBN: 
978-92-899-1614-1
Dokumentart: 
Working Paper

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