Currency Choice and Exchange Rate Pass-through ∗

@inproceedings{Gopinath2008CurrencyCA,
  title={Currency Choice and Exchange Rate Pass-through ∗},
  author={Gita Gopinath and Oleg Itskhoki},
  year={2008}
}
In the open economy macro literature with nominal rigidities, the currency in which goods are priced has important implications for optimal monetary and exchange rate policy and for exchange rate pass-through. We show, using novel data on currency and prices for U.S. imports, that even conditional on a price change, there is a large difference in the pass-through of the average good priced in dollars (25%) versus non-dollars (95%). We document this to be the case across countries and within… CONTINUE READING
Highly Cited
This paper has 100 citations. REVIEW CITATIONS

14 Figures & Tables

Topics

Statistics

01020'07'08'09'10'11'12'13'14'15'16'17'18
Citations per Year

100 Citations

Semantic Scholar estimates that this publication has 100 citations based on the available data.

See our FAQ for additional information.