Why Do Consumer Prices React less than Import Prices to Exchange Rates?
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下载链接：
https://www.nber.org/papers/w9352
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资源简介：
It is well known that the extent of pass-through of exchange rate changes to consumer prices is much lower than to import prices. One explanation is local distribution costs. Here we consider an alternative, complementary, explanation based on the optimal pricing strategies of firms. We consider a
提供机构：
美国国家经济研究局
创建时间：
2002-11-01
