Beitrag, Englisch, Taylor & Fancis Group
Autor: Prof. Dr. Ansgar Belke
Herausgeber / Co-Autor: Beckmann, Joscha; Verheyen, Florian
Erscheinungsdatum: 2014
Quelle: Applied Economics, Vol. 46/34
Seitenangabe: 4164-4177
Aufrufe gesamt: 5, letzte 30 Tage: 1
This study analyses the exchange rate pass-through into German import prices based on disaggregated data taken on a monthly basis between 1995 and 2012. Our main contribution is twofold: firstly, we employ various time-series techniques to analyse data for different product categories, and also cointegration techniques to carefully distinguish between short-run and long-run pass-through coefficients. Secondly, in a panel data approach we estimate time-varying pass-through coefficients and explain their development with regard to various macroeconomic factors. Our results show that long-run pass-through is only partly observable and incomplete, whereas short-run pass-through shows a more unique character, although heterogeneity across product groups does exist. We are also able to identify several macroeconomic factors that determine changes in the degree of pass-through, which is especially relevant for policymakers.
DE, Essen
Inhaber des Jean-Monnet Lehrstuhls VWL, insbes. Makroökonomik an der Universität Duisburg-Essen
ECB-Observer
Publikationen: 133
Veranstaltungen: 4
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