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| Tekijä: | Feinberg, R. M. |
| Otsikko: | The choice of exchange-rate index and domestic price passthrough |
| Lehti: | Journal of Industrial Economics
1991 : JUN, VOL. 39:4, p. 409-420 |
| Asiasana: | EXCHANGE RATES INDEX NUMBERS CURRENCY USA CURRENCY MARKETS PRICES INDUSTRIES ENTRY CONDITIONS |
| Kieli: | eng |
| Tiivistelmä: | Research results show that the extent of real appreciation and real depreciation in the external value of the USA dollar since the late 70s has been overstated for most industries by the Federal Reserve Board's 10-country index, and is better proxied by the Dallas Fed's 101-country index. Earlier findings seem robust to the choice of index. Namely, changes in the real external value of the dollar have passed most fully into domestic prices of industries heavily reliant on imported inputs and producing import substitutes , and least fully into capital-intensive and concentrated industries and those protected by entry barriers. |
SCIMA