Heterogeneity in the exchange rate pass-through to consumer prices: the Swiss franc appreciation of 2015
نویسندگان
چکیده
Abstract This paper analyzes the exchange rate pass-through to consumer prices for 85 categories of goods and services in Switzerland. The estimates are computed using a synthetic difference-in-differences approach that exploits large Swiss franc appreciation followed unexpected removal franc-Euro floor January 2015. overall 1-year all-items is 0.12, which shows highly incomplete. There an important heterogeneity across product categories, where can be as high 0.80. These variations linked international trade characteristics products, with degree tradability, import share, or depend on tourism shown more sensitive rate.
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ژورنال
عنوان ژورنال: Swiss Journal of Economics and Statistics
سال: 2022
ISSN: ['0303-9692', '1421-2110', '2673-2777', '2235-6282']
DOI: https://doi.org/10.1186/s41937-022-00102-7