Exporter Price Response to Exchange Rate Changes

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Exporter Price Response to Exchange Rate Changes

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dc.contributor.author Fosse, Henrik Barslund
dc.date.accessioned 2012-10-08
dc.date.accessioned 2012-10-08T13:33:23Z
dc.date.available 2012-10-08T13:33:23Z
dc.date.issued 2012-11-08
dc.identifier.uri http://hdl.handle.net/10398/8539
dc.description.abstract Firms exporting to foreign markets face a particular challenge: to price their exports in a foreign market when the exchange rate changes. This paper takes on pricing- to-market using a unique data set that covers rm level monthly trade at great detail. As opposed to annual trade ows, monthly trade ows bring us closer to the transaction level where rm decisions are actually made. I nd that the utilization of monthly data does add new information about the average level of pricing-to-market, and the di¤erences between long-run pricing-to-market and short-run pricing-to-market. Furthermore, I nd industry di¤erences in pricing-to-market in terms of the magnitude (zero to complete pricing-to-market) and the timing (when do rms changes prices), and that pricing-to-market is stronger on high-income markets. As discussed in detail in the paper, all results are in-line with predictions of several theoretical contributions to the litterature on pricing-to-market and exchange rate pass-through. en_US
dc.format.extent 24 en_US
dc.language eng en_US
dc.publisher Centre for Economic and Business Research. CEBR en_US
dc.subject.other Pricing-to-market en_US
dc.subject.other Heterogeneous exporters en_US
dc.subject.other Monthly firm level trade data en_US
dc.title Exporter Price Response to Exchange Rate Changes en_US
dc.type wp en_US
dc.accessionstatus modt12okt08 lbjl en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Økonomisk Institut en_US
dc.contributor.departmentshort ECON en_US
dc.contributor.departmentuk Department of Economics en_US
dc.contributor.departmentukshort ECON en_US
dc.publisher.city Frederiksberg en_US
dc.publisher.year 2012 en_US


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