The Sensitivity of the CPI to Exchange Rates: Distribution Margins, Imported Inputs, and Trade Exposure

By Linda S. Goldberg, J. Campa. Review of Economics and Statistics, 2010

331 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b8f1aa868363b821d849318cfa7241e83f43bec6

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

Asymmetric exchange rate pass-through: Evidence from major countries (2012, positive): “Our result is rather in line with the recent conclusions of Goldberg and Campa (2010) who argue that the use of imported inputs in production has grown sharply since the mid-1990s, increasing the sensitivity to exchange rates of the production costs of nal goods.”
International Prices and Exchange Rates (2013, positive): “Burstein et al. (2003) and Campa and Goldberg (2010) calculate the distribution wedge for consumer goods in the U.S. and other OECD countries using Input-Output tables, while Berger et al. (2009) use matched micro price data in the U.S.”
Multi-Product Firms and Exchange Rate Fluctuations (2013, methodology): “ln pijct = μijc + φ(t) +Xjt−1γ + Zctδ+ (12)”
Frequency of Price Adjustment and Pass-Through (2010, background): “Goldberg and Campa (2008) estimate exchange rate pass-through into import prices and consumer prices for a large sample of developed countries and document that pass-through into consumer prices is far lower than pass-through into import prices across all countries.”
The International Price System (2015, background): “This is explained in detail in Burstein et al. (2005), Goldberg and Campa (2010) and Burstein and Gopinath (2014), among others.”
Exchange Rate Pass-Through and Inflation: A Nonlinear Time Series Analysis (2013, background): “Recent empirical study by Goldberg and Campa (2008) also investigates the pass-through into the domestic prices rather than import prices using a model of the production sector with imported inputs.”
Optimal Time-Consistent Macroprudential Policy (2017, positive): “To calibrate the share of imported inputs, we use data reported by Goldberg and Campa (2010) on the average ratio of imported to domestic intermediate goods for 16 advanced economies.”
International Shocks, Variable Markups, and Domestic Prices (2019, background): “For example, De Loecker, Goldberg, Khandelwal, and Pavcnik (2016) analyze the Indian trade liberalization and Edmond, Midrigan, and Xu (2015) study a counterfactual trade liberalization in Taiwan; both studies nd evidence of aggregate markup adjustment.”