Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/186042
Authors: 
Fauceglia, Dario
Shingal, Anirudh
Wermelinger, Martin
Year of Publication: 
2014
Citation: 
[Journal:] Swiss Journal of Economics and Statistics [ISSN:] 2235-6282 [Volume:] 150 [Year:] 2014 [Issue:] 4 [Pages:] 261-296
Abstract: 
In this paper, we estimate ERPT into imported input prices and export prices using disaggregated quarterly trade data for Switzerland over 2004–2011. We find evidence for high pass-through rates into imported input prices. This demonstrates the effectiveness of natural hedging. On the export side, ERPT exhibits substantial sectoral heterogeneity and changes in imported input costs are not transmitted to foreign consumers in most cases. This suggests the use of cheaper imported inputs to offset adverse effects of currency appreciation on export profit margins.
Subjects: 
exchange rates
exchange rate pass-through
international trade
prices
JEL: 
F31
F41
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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