Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/213482
Autoren: 
Kaufmann, Daniel
Renkin, Tobias
Datum: 
2019
Schriftenreihe/Nr.: 
IRENE Working Paper No. 19-07
Zusammenfassung: 
We analyze export price adjustment of Swiss manufacturing firms using a novel data set of matched export, import, and domestic prices. After a large, unexpected, and permanent appreciation of the Swiss franc, export prices set in domestic currency fell less than export prices set in foreign currency. This difference prevails if we control for variation in firms' marginal cost. Through the lens of a structural model, this difference can be traced back to strategic complementarity in price setting for firms pricing in foreign currency. Meanwhile, firms setting prices in domestic currency exhibit no strategic complementarity and follow a constant markup-pricing rule.
Schlagwörter: 
nominal exchange rate
border prices
currency choice
variable markups
pricing-to-market
price rigidity
exchange rate pass through
exchange rate sensitive factor costs
JEL: 
E3
E5
F3
F4
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
723.17 kB





Publikationen in EconStor sind urheberrechtlich geschützt.