Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance

By Michael B. Devereux, Charles M. Engel, P. Storgaard. 2004

303 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/3479d11356ecaebf1f82886f5ad4e131d654ec3e

Citations in the corpus

• A new look at pass-through (2008, unknown): “See Devereux and Engel (2002) and Devereux, Engel, and Storgaard (2003).”
• Monetary Policy in a Low Pass-Through Environment (2005, unknown): “PH,t = [ H(PH,t 1) 1 + (1 H)(P new H,t ) 1 ] 1 1 (14) By log-linearizing (14) and combining with (13) one can derive a typical forwardlooking Phillips curve:”
• Exchange Rate Pass-Through: Evidence Based on Vector Autoregression with Sign Restrictions (2011, unknown): “Devereux et al. (2003) develop a model of endogenous exchange rate PT when prices are sticky and exporting firms can choose which currency to set their prices.”
• A Theory of the Currency Denomination of International Trade (2002, unknown): “Devereux et al. (2004) examine the invoicing choice when countries have different levels of monetary volatility.”
• Exchange Rate Pass-Through in the Global Economy: The Role of Emerging Market Economies (2014, unknown): “This argument is also consistent with Devereux, Engel, and Storgaard (2004), who developed a model of endogenous exchange rate pass-through within an open economy macroeconomic framework and showed that countries with relatively low money growth volatility will have relatively 7See for example…”
• Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing (2006, unknown): “0∆ > The necessary and sufficient condition derived in Devereux, Engel, and Storgaard (2004) for PCP pricing is a special case of this condition when 0ε = (so demand is constant elasticity), 0δ = (so the cost function is linear in output), 1ω = (so only local inputs are used), and 1γ > .”
• International Prices and Exchange Rates (2013, unknown): “In addition they find that the Canadian dollar is used more for larger shipments into Canada.33 Lastly, Bacchetta and van Wincoop (2005), Devereux et al. (2004), and Gopinath et al. (2010) highlight the potential for multiple equilibria in the currency choice decision.”
• Exchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation (2004, unknown): “Finally, Devereux, Engel, and Storgaard (2003) also develop a DGE model linking ERPT to monetary policy.”
• Currency Unions, Product Introductions, and the Real Exchange Rate* (2014, unknown): “Engel (1999) demonstrated that movements in the RER did not reflect the relative price within countries of traded and non-traded goods, as in Balassa (1964) and Samuelson (1964).”
• A macroeconomic model of international price discrimination (2005, unknown): “Recent work by Bacchetta and Van Wincoop (2002), Corsetti and Pesenti (2002) and Devereux et al. (2004) analyzes the problem of producers who can choose whether to preset prices in domestic currency only or in both domestic and foreign currencies.”