A Structural Approach to Identifying the Sources of Local Currency Price Stability

By P. Goldberg, Rebecca Hellerstein. 2007

214 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Tourism, Leisure and Hospitality Management

View Paper: https://www.semanticscholar.org/paper/4fecb3abfdcb60524114f19d3b03ba8f2541184b

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Citations in the corpus

Reference Prices, Costs, and Nominal Rigidities (2011, methodology): “With the exception of Goldberg and Hellerstein (2007) who use the Dominick s data on the cost of beer, the other papers do not have data on cost.”
Export Destinations and Input Prices (2014, background): “See Goldberg and Knetter (1997) and more recent work by Nakamura and Zerom (2010), Goldberg and Hellerstein (2008, 2013) and Amiti, Itskhoki, and Konings 9 for firms that have initial importing relationships with the relevant source country, and initial importing relationships are correlated with…”
Pricing-to-Market: Evidence From Plant-Level Prices (2014, methodology): “We use this broader sample to estimate (8), (10) and (11), where the independent variable is the change in the domestic exchange rate with the invoice currency.”
Pass-Through of Emissions Costs in Electricity Markets (2014, unknown): “For instance, in the beer market, Goldberg and Hellerstein (2013) document that only 5% of an exchange rate change is transmitted to final prices; similarly, in the coffee industry, Nakamura and Zerom (2010) report a long-run pass-through elasticity of commodity prices of 25%.5 Given our finding of…”
International Prices, Costs, and Markup Differences (2011, background): “Our decomposition of retail prices into markups and wholesale costs builds on the findings of Goldberg and Hellerstein (2007) and Nakamura and Zerom (2010) that pricing to market at the wholesale level is key to understanding the correlation of nominal and real exchange rates.”
Importers, exporters, and exchange rate disconnect (2014, unknown): “9See structural evidence on PTM in Goldberg and Verboven (2001) for the European car market, and in Nakamura and Zerom (2010) and Goldberg and Hellerstein (2011) for the co ee and beer markets respectively, where the latter two papers explicitly incorporate price stickiness.”
Firms and Labor Market Inequality: Evidence and Some Theory (2018, unknown): “A typical finding in that literature is that shocks to marginal cost (typically measured via exchange rate fluctuations) yield muted fluctuations in product prices, signaling the presence of market power (Goldberg and Hellerstein 2013; Gorodnichenko and Talavera 2017).”
International Shocks, Variable Markups, and Domestic Prices (2019, methodology): “These estimates are largely in line with the values suggested by Gopinath and Itskhoki (2011) based on the analysis of various indirect pieces of evidence.”
Understanding Movements in Aggregate and Product-Level Real-Exchange Rates ∗ (2008, background): “6In related work, Goldberg and Hellerstein (2011), Hellerstein (2008), and Nakamura and Zerom (2010) use an estimated structural model to quantify the role of variable markups and local costs in incomplete 4 Our empirical findings raise the following questions: Why do relative markups…”
Firm Performance in a Global Market (2014, unknown): “…intermediate inputs and capital; in addition we observe 9Representative papers include Goldberg and Verboven (2001); Nakamura and Zerom (2010); Goldberg and Hellerstein (2013); Berman, Martin, and Mayer (2012); Amiti, Itshkhoki, and Konings (2013). product-level prices.10 We consider a…”