Exchange Rate Movements and Tradable Goods Prices in East Asia: An Analysis Based on Japanese Customs Data, 1988–1999
AbstractThis paper uses a dynamic panel data model to estimate the pass-through coefficients of 20 nine-digit industrial commodities that are traded between Japan and its East Asian and industrial country trading partners. By using the monthly series of unit export and import values obtained from the Japanese customs data for the period 1988–99, it shows that price pass-through is much larger for Japanese exports than for Japanese imports, suggesting that the yen prices of Japanese imports do not fall (rise) very much when the yen appreciates (depreciates), whereas the prices of Japanese exports rise (fall) considerably in the buyerÃs currency. With the notable exception of some imports from Malaysia, the degree of price pass-through was not qualitatively affected by the Asian currency crisis of 1997. Copyright 2001, International Monetary Fund
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal IMF Staff Papers.
Volume (Year): 48 (2001)
Issue (Month): 2 ()
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- Olivier de Bandt & Tovonony Razafindrabe, 2014.
"Exchange rate pass-through to import prices in the Euro-area: A multi-currency investigation,"
Economie Internationale, CEPII research center,
CEPII research center, issue 138, pages 63â77.
- Olivier de Bandt & Tovonony Razafindrabe, 2012. "Exchange rate pass-through to import prices in the Euro-area: a multicurrency investigation," EconomiX Working Papers 2012-32, University of Paris West - Nanterre la Défense, EconomiX.
- Yoshida, Yushi, 2010.
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International Review of Economics & Finance, Elsevier,
Elsevier, vol. 19(1), pages 3-12, January.
- Yushi Yoshida, 2008. "A New Evidence for Exchange Rate Pass-through: Disaggregated Trade Data from Local Ports," Discussion Papers, Kyushu Sangyo University, Faculty of Economics 31, Kyushu Sangyo University, Faculty of Economics, revised Dec 2008.
- Fumiko Takeda & Katsumi Matsuura, 2003. "Exchange rate pass-through and strategic pricing: Evidence from Japanese imports of DRAMs," Economics Bulletin, AccessEcon, vol. 6(8), pages 1-13.
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