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Pricing-to-Market in Swedish Exports

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Author Info
Alexius, Annika
Vredin, Anders

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Abstract

Fluctuations in prices of Swedish exports to five countries are investigated in this paper. The authors test whether there are systematic differences between prices to different markets and whether relative export prices are affected by macroeconomic conditions in destination countries. The test results indicate that deviations from no pricing-to-market and neutrality of money are quite common and persistent. Over a sample of fifteen years, long-run monetary neutrality is rejected in almost half of the cases. In most cases, the degree of pricing-to-market is also affected by aggregate demand in export markets. Copyright 1999 by The editors of the Scandinavian Journal of Economics.

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Article provided by Blackwell Publishing in its journal Scandinavian Journal of Economics.

Volume (Year): 101 (1999)
Issue (Month): 2 (June)
Pages: 223-39
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Handle: RePEc:bla:scandj:v:101:y:1999:i:2:p:223-39

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  1. Robert Anderton, 2003. "Extra-euro area manufacturing import prices and exchange rate pass-through," Working Paper Series 219, European Central Bank. [Downloadable!]
  2. Adolfson, Malin, 2001. "Monetary Policy with Incomplete Exchange Rate Pass-Through," Working Paper Series 127, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
    Other versions:
  3. Friberg, Richard, 1997. "Should the core fear the outs? Price setting practices and international monetary transmission," Working Paper Series in Economics and Finance 203, Stockholm School of Economics. [Downloadable!]
  4. Leitemo, Kai & Söderström, Ulf, 2001. "Simple Monetary Policy Rules and Exchange Rate Uncertainty," Working Paper Series 122, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
    Other versions:
  5. Adolfson, Malin, 1999. "Swedish Export Price Determination: Pricing to Market Shares?," Working Paper Series in Economics and Finance 306, Stockholm School of Economics. [Downloadable!]
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  6. Gottfries, Nils, 1999. "Markets Shares, Financial Constraints, and Pricing Behavior in the Export Market," Working Paper Series 1999:15, Uppsala University, Department of Economics. [Downloadable!]
    Other versions:
  7. Tantirigama, Mangalika & Lee, Minsoo & Sanyal, Amal, 2008. "New Zealand's Pastoral Exports: Can Small Countries Practise Pricing-to-Market?," Review of Applied Economics, Review of Applied Economics, vol. 4(1-2). [Downloadable!]
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