Who bears the cost of a change in the exchange rate? Pass-through accounting for the case of beer

Hellerstein, Rebecca

doi:10.1016/j.jinteco.2008.03.007

Cited by 110 publications

(107 citation statements)

References 26 publications

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“…Campa and Goldberg (2010) provide some evidence that local distribution costs, which represent between 30 and 50 percent of the total costs of goods exported by 21 OECD countries in 29 manufacturing industries, decrease the pass-through of exchange rates into import prices. For the beer industry, Hellerstein (2008) shows that incomplete pass-through can be explained by markup adjustments and the presence of local costs in roughly similar proportions. 16 The aggregate price index in country  is given by  = …”

Section: The Basic Frameworkmentioning

confidence: 99%

“…For more recent evidence, see Berman, Martin, and Mayer (2012), Chatterjee, Dix-Carneiro, and Vichyanond (2013), or Amiti, Itskhoki, and Konings (2012), among others. 6 Other papers that focus on speci…c industries include Goldberg and Verboven (2001) and Auer, Chaney, and Sauré (2012) for the car industry, Hellerstein (2008) for beer, and Nakamura and Zerom (2010) for co¤ee.…”

Section: Introductionmentioning

confidence: 99%

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Quality, trade, and exchange rate pass-through

Chen

Juvenal

2016

Journal of International Economics

133

156

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This paper investigates the heterogeneous response of exporters to real exchange rate ‡uctua-tions due to product quality. We model theoretically the e¤ects of real exchange rate changes on the optimal price and quantity responses of …rms that export multiple products with heterogeneous levels of quality. The model shows that the elasticity of demand perceived by exporters decreases with a real depreciation and with quality, leading to more pricing-to-market and to a smaller response of export volumes to a real depreciation for higher quality goods. We test empirically the predictions of the model by combining a unique data set of highly disaggregated Argentinean …rm-level wine export values and volumes between 2002 and 2009 with experts wine ratings as a measure of quality. In response to a real depreciation, we …nd that …rms signi…cantly increase more their markups and less their export volumes for higher quality products, but only when exporting to high income destination countries. These …ndings remain robust to di¤erent measures of quality, samples, speci…cations, and to the potential endogeneity of quality.JEL Classi…cation: F12, F14, F31

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Section: The Basic Frameworkmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Quality, trade, and exchange rate pass-through

Chen

Juvenal

2016

Journal of International Economics

133

156

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“…Literatürde taşıma ve işlem maliyetleri, gümrük tarifeleri ve tarife dışı engellerin varlığı gibi nedenleri Tek Fiyat Kanunundaki sapmaların 25 önemli bir nedeni olarak gören birçok çalışma bulunmaktadır. Bu çalışmalardan bazıları, Knetter (1994), Rogoff (1996), Feenstra ve Kendall (1997, Engel ve Rogers (2001) ve Hellerstein (2008) tarafından yapılmıştır.…”

Section: Tek Fiyat Kanununda Meydana Gelen Sapmalar Ve Nedenleriunclassified

Tek Fiyat Kanunu ve Satın Alma Gücü Paritesi Hipotezine İlişkin Ampirik Bulgular: Bir Literatür Taraması

Gözgör¹

2015

Sosyoekonomi

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This paper aims to survey the literature on concepts of the Law of One Price (LOP) and the Purchasing Power Parity (PPP) hypothesis and to present a detailed literature review of the empirical findings. In this paper, starting from the deviations from the LOP and the PPP as well as their main reasons, we briefly overview latest econometric and statistical techniques in general. We also examine the empirical literature on advanced economies in particular. This paper provides a comparative outlook to researchers, who are interested in related subjects in international economics and international finance.

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“…Within each sector , di¤erences in the unit values of corresponding 8-digit-products j are assumed to re ‡ect di¤erences in quality of otherwise comparable goods. Consider as an example the sector 6201 19 with the subcategories 62011100 20 and 62011210 21 . The …rst category covers coats made out of wool while the latter includes coats made from cotton.…”

Section: Exchange Rate Pass-through and Qualitymentioning

confidence: 99%

“…I thank an anonymous referee for pointing this out. 19 With the o¢ cial description: "Men's or boy's overcoats, car coats, capes, cloaks, anoraks, incl. ski jackets, windcheaters, wind-jackets and similar articles (excl.…”

Section: Exchange Rate Pass-through and Qualitymentioning

confidence: 99%

Exchange rate pass-through: new evidence from German micro data

Berner¹

2010

International Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Department of Economics, Christian-Albrechts-Universität Kiel, Ohlshausenstraß e 40, 24098 Kiel, Germany. Email: berner@economics.uni-kiel.de. I would like to thank my supervisors, Horst Ra¤ and Holger Görg, the participants at the RIEF Doctoral Meetings in Kiel, and two anonymous referees for helpful comments and suggestions. Terms of use: Documents in

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Who bears the cost of a change in the exchange rate? Pass-through accounting for the case of beer

Cited by 110 publications

References 26 publications

Quality, trade, and exchange rate pass-through

Quality, trade, and exchange rate pass-through

Tek Fiyat Kanunu ve Satın Alma Gücü Paritesi Hipotezine İlişkin Ampirik Bulgular: Bir Literatür Taraması

Exchange rate pass-through: new evidence from German micro data

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