Pass-through of Exchange Rates and Competition Between Floaters and Fixers
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This paper studies how a rise in China's share of U.S. imports could lower pass-through of exchange rates to U.S. import prices. We develop a theoretical model with variable markups showing that the presence of exports from a country with a fixed exchange rate could alter the competitive environment
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美国国家经济研究局创建时间:
2007-11-01



