Is Exchange Rate Pass-Through Declining - Evidence from Japanese Exports to the United States and Asial
Unlike the previous studies, this paper reexamines the degree of exchange rate. By conducting the fixed effect panel estimation, we have found that ERPT has increased in Japanese exports to all destinations, even to the United States, at the HS 4-digit commodity level, which contrasts markedly with...
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| Format: | Article |
| Language: | English |
| Published: |
ĐHKT
2016
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| Subjects: | |
| Online Access: | http://repository.vnu.edu.vn/handle/VNU_123/12957 |
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| Summary: | Unlike the previous studies, this paper reexamines the degree of exchange rate. By conducting the fixed effect panel estimation, we have found that ERPT has increased in Japanese exports to all destinations, even to the United States, at the HS 4-digit commodity level, which contrasts markedly with the Taylor's - 2000 conjecture that ERPT declined in the low inflation environment. |
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