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Exchange Rate Pass-Through and Dynamic Oligopoly : An Empirical Investigation / Dominique Gross, Nicolas Schmitt.
- Format:
- Book
- Government document
- Author/Creator:
- Gross, Dominique.
- Series:
- IMF Working Papers; Working Paper ; No. 1999/047
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (33 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 1999.
- Language Note:
- English
- Summary:
- This paper explicitly takes into account the dynamic oligopolistic rivalry among source producers to evaluate the degree of exchange rate pass-through. Using recent time-series techniques for the case of imported automobiles in Switzerland, the results show that prices are strategic complements and that the degree of pass-through is lower in the long run than in the short run. We attribute this to the fact that, although some rivals match long-term price changes, others do not, inducing the producer who faces a change in exchange rate to absorb a greater proportion of the variation.
- Notes:
- Bibliographic Level Mode of Issuance: Monograph
- Description based on print version record.
- ISBN:
- 9786613782823
- 9781462380305
- 1462380301
- 9781452761381
- 1452761388
- 9781281602138
- 1281602132
- 9781451893793
- 1451893795
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