How do Different Exporters React to Exchange Rate Changes

By Nicolas Berman, Philippe Martin, Thierry Mayer. 2012

255 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/b0d7c261300331f7de3653364636ace3c264e5e4

Citations in the corpus

• Market structure and exchange rate pass-through (2012, unknown): “On the other hand, the combined market share of all firms from the trade partner determines the mass of firms that are affected by the exchange rate shock and the corresponding effect on the general price level.”
• Gravity Equations: Workhorse,Toolkit, and Cookbook (2013, unknown): “51Berman et al. (2012) use a related approach to evaluate the margins in a model with variable markups where they don’t have closed-form solutions for the margins.”
• From micro to macro: Demand, supply, and heterogeneity in the trade elasticity ☆ (2017, unknown): “14 Berman et al. (2012) show that several models featuring variable markups predict that large firms should face lower demand elasticities and therefore react less than small firms to a change in trade costs. Their finding that the response to exchange rate changes declines with productivity (confir”
• Heterogeneous Firms, Quality, and Trade☆ (2015, unknown): “Average markups are = 1 2 (1 + ) 1 k + 1 cD (15)”
• The Tip of the Iceberg: A Quantitative Framework for Estimating Trade Costs (2015, unknown): “Berman, Martin, and Mayer (2012) use a model with heterogeneous firms and local additive distribution costs to analyze pricing to market and the reaction of exporters to exchange rate changes.”
• International Prices and Exchange Rates (2013, unknown): “Berman et al. (2012) find evidence that higher productivity firms in France have lower ERPT than low productivity firms.41 Similarly, Amiti et al. (2012) find evidence that Belgian exporters with higher expenditures shares in the destination market have lower ERPT.”
• Non-Linear Exchange Rate Pass-Through in Emerging Markets (2016, unknown): “These channels are highlighted in Berman et al. (2012) who review several theoretical models that generate endogenous and heterogeneous pricing-to-market where firms with higher productivity are able to offset a higher portion of the exchange rate movement .”
• Knocking on Tax Haven’s Door: Multinational Firms and Transfer Pricing (2017, unknown): “9Bernard et al. (2006) show that the price wedge between intra-firm and arm’s length transactions depends on the size of exporters and the di erentiation of products.”
• Firm Performance in a Global Market (2014, unknown): “…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 standard Cobb-Douglas production…”
• Input-trade liberalization, export prices and quality upgrading (2015, unknown): “Berman et al. (2012) find a similar elasticity of 0.”
• International Shocks, Variable Markups, and Domestic Prices (2019, unknown): “…costs, correlated cost shocks may be misconstrued for strategic complementarities in price setting, as discussed in Gopinath and Itskhoki (2011).6 Berman, Martin, and Mayer (2012) emphasize that large rms exhibit lower exchange rate pass4For this exercise, we adopt the Atkeson and Burstein…”
• Technology and costs in international competitiveness: From countries and sectors to firms (2014, unknown): “Different firms might respond differently to the same shocks (Berman et al., 2012); more generally, the variation between firm-level characteristics offers precious clues on the determinants of trade performance.”
• Importers, exporters, and exchange rate disconnect (2014, unknown): “Alternative theories may emphasize rm productivity as the su cient statistic for markup variability, as for example in Berman, Martin, and Mayer (2012).”