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  1. Import quality in former centrally planned EU countries
    Erschienen: [2022]
    Verlag:  CCA, Fondazione Collegio Carlo Alberto, Torino

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    Sprache: Englisch
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    Schriftenreihe: Carlo Alberto notebooks ; no. 684 (December 2022)
    Schlagworte: EU; Former Centrally Planned Countries; Import Composition; International Trade; Market Segmentation; Pricing-to-market
    Umfang: 1 Online-Ressource (circa 26 Seiten)
  2. Exchange rate pass-around
    Erschienen: [2023]
    Verlag:  Kiel Institute for the World Economy, [Kiel]

    In January 2015, The Swiss Franc (CHF) appreciated unexpectedly against the Euro by approximately 15%. We document a new fact: French firms that exported to both the Swiss market and the Eurozone also exhibited a sudden change in their export prices... mehr

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    In January 2015, The Swiss Franc (CHF) appreciated unexpectedly against the Euro by approximately 15%. We document a new fact: French firms that exported to both the Swiss market and the Eurozone also exhibited a sudden change in their export prices to the Eurozone. We coin this the “exchange rate pass-around” effect. We rationalise this fact with a simple model based on the endogenous decision of some firms to give up pricing-to-market and opt for single-pricing to all markets. An important implication of this finding is that single-pricing may be one of the causes of the incomplete pass-through. This mechanism has so far remained unexplored in the literature, which may have led to overestimating the importance of other factors. Based on monthly French export data, our empirical analysis confirms the existence of the pass-around. Firms directly affected by the CHF exchange rate shock increased their prices in neighboring markets by 0.8% compared to other exporters. The effect was stronger for firms with lower ex-ante price heterogeneity across markets and for firms with smaller trade costs to Switzerland. However, the effect was short-lived. As time passed, exporters tended to decouple the prices they set on the Swiss market from those for the Eurozone, and the pass-around effect faded.

     

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    Sprache: Englisch
    Medientyp: Buch (Monographie)
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    Weitere Identifier:
    hdl: 10419/271111
    Schriftenreihe: Kiel working paper ; no. 2247 (April 2023)
    Schlagworte: Exchange rate pass-through; International trade; Pricing-to-market
    Umfang: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  3. On the Hump-Shaped Output Effect of Monetary Policy in an Open Economy
  4. Exchange rate pass-around
    Erschienen: [2024]
    Verlag:  [Aix-Marseille School of Economics], [Aix-en-Provence

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    Schriftenreihe: Working papers / AMSE, Aix-Marseille School of Economics ; WP 2024, nr 12
    Schlagworte: Exchange rate pass-through; International trade; Pricing-to-market
    Umfang: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  5. Product quality perception of former centrally planned EU countries' imports and exports
    Erschienen: [2022]
    Verlag:  $nVŠE, Faculty of International Relations, [Praha]

    After Comeconís dissolution, agentsí lack of experience in product di§erentiation could have triggered demand-side mechanisms affecting trade flows between the two sides of the fallen Iron Curtain. Specifically, producers from a block of countries... mehr

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    After Comeconís dissolution, agentsí lack of experience in product di§erentiation could have triggered demand-side mechanisms affecting trade flows between the two sides of the fallen Iron Curtain. Specifically, producers from a block of countries might have faced a quality perception gap when exporting to the other block. We investigate this issue empirically by examining EU custom data. Our findings are consistent with products originating from former centrally planned countries being penalized by consumers from established decentralized economies. The magnitude of this effect lowers over time and vanishes when we consider extra-EU exporters. The evidence aligns with psychology and marketing contributions and may have important implications for the literature on international trade and economic development dealing with quality di§erentiation and foreign direct investment.

     

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    Schriftenreihe: Working paper series / [VŠE, Faculty of International Relations] ; 2022, 02
    Schlagworte: Developing Countries; EU; Former Centrally Planned Countries; Import Origin; International Trade; Market Segmentation; Nonhomothetic preferences; Pricing-to-market; Product Quality Perception
    Umfang: 1 Online-Ressource (circa 32 Seiten), Illustrationen