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Exchange rate pass-through and relative prices : an industry-level empirical investigation
journal contributionposted on 2008-11-01, 00:00 authored by Prasad BhattacharyaPrasad Bhattacharya, C Karayalcin, D Thomakos
In this paper we explore the extent of exchange rate pass-through for the USA, UK and Japan using a post-Bretton Woods industry-level dataset. We investigate how different channels of exchange rate pass-through affect domestic and import prices. Our analysis is suggestive of two channels of transmission and we find considerable variation in the extent of pass-through across industries and countries.