The International Price System

By Gita Gopinath. 2015

334 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/530603321eafeb93ca0abb6807429222bf3a6320

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Citations in the corpus

Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold?* (2019, methodology): “Sources: The Conference Board, Total Economy Database; International Monetary Fund, International Financial Statistics; Reinhart and Rogoff (2004) and sources cited therein; and authors’ calculations.”
Inflation and exchange rate pass-through (2019, background): “Other studies focus on microeconomic aspects of price-setting: nominal rigidities (Devereux and Yetman 2003; Corsetti, Dedola, and Leduc 2008); the role of foreign-currency pricing, especially in invoicing (Gopinath, Itskhoki, and Rigobon 2010; Gopinath 2015; Devereux, Tomlin, and Dong 2015); the di”
The Dollar Exchange Rate as a Global Risk Factor: Evidence from Investment (2019, neutral): “First, our paper is also related to the literature on the link between the strength of the US dollar and international trade (Goldberg and Tille (2008); Gopinath (2015); Casas et al.”
Foreign effects of higher U.S. interest rates (2019, background): “Gopinath (2015)’s index of trade invoicing only starts in 1999.”
U.S. Monetary Policy and International Risk Spillovers (2019, background): “Gopinath (2016)’s Jackson Hole paper argues that expenditure switching effects work mostly via imports if trade is invoiced in a dominant currency.”
International Currencies and Capital Allocation (2020, background): “Our work relates to a large empirical literature linking net foreign asset dynamics to the differential composition of gross assets and gross liabilities, including important contributions by Lane and Milesi-Ferretti (2007), Gourinchas and Rey (2007), and Curcuru et al.”
U.S. Monetary Policy and the Global Financial Cycle (2020, background): “Gopinath (2016) analyses the disproportionate role of the dollar in trade invoicing, and Gopinath and Stein (2017) the synergies between some of those roles.”
Banking, Trade, and the Making of a Dominant Currency* (2020, background): “More generally, in a sample of 43 countries, Gopinath (2015) finds that the dollar’s share as an invoicing currency for imported goods is approximately 4.7 times the share of U.S. goods in imports.”
Exchange Rate Disconnect in General Equilibrium (2017, positive): “We use the estimate of Amiti, Itskhoki, and Konings (2019) for the elasticity of strategic complementarities, a 5 0:4, which is in line with the exchange rate pass-through literature, corresponding to the pass-through elasticity of 1 2 a 5 0:6 (see survey in Gopinath and Itskhoki 2011). We follow th”
Dominant Currency Paradigm (2020, positive): “Gopinath (2015) uses invoicing data for half of world imports and exports to demonstrate that the dollar share as an invoicing currency is around 4.7 times its share in world imports and 3.1 times its share in world exports.”
The shocks matter: Improving our estimates of exchange rate pass-through (2018, neutral): “46 Figure B.6: Impulse responses to a global demand shock Note: See note to Figure B.1.”
U.S. monetary policy and emerging market credit cycles (2017, neutral): “For example, 69 of the EME countries covered in our sample are not covered in Gopinath (2016).”
Foreign Safe Asset Demand and the Dollar Exchange Rate (2018, neutral): “In their analysis, the U.S. provides insurance to the rest of the world, while Gopinath (2015) highlights the dominant role of the dollar as an invoicing currency.”