Front Matter
  • 1 https://isni.org/isni/0000000404811396, International Monetary Fund
  • | 2 https://isni.org/isni/0000000404811396, International Monetary Fund

Front Matter Page

IMF Institute

Authorized for distribution by Roland Daumont

Contents

  • I. Introduction

  • II. Theoretical framework

  • III. The data

  • IV. Empirical investigation

    • A. First-Step: Cointegration Analysis

    • B. Second-Step: Estimation of the short-run parameters

  • V. Results

    • A. Exchange Rate Pass-Through

    • B. Price Rivalry

    • C. Price Dynamics

  • VI. Conclusion

  • Tables

  • 1. Unit-Root Tests

  • 2. Tests for the Residuals of the VAR Estimates

  • 3. System Estimation and Cointegration Tests

  • 4. Pricing Equations: Small-Size Automobiles, 1977.1-1991.3

  • 5. Pricing Equations: Medium-Size Automobiles, 1977.12-1994.4

  • 6. Percentage Changes in Equilibrium Prices Following 10 percent Appreciation in Exchange Rates

  • Figures

  • 1. Short-run rivalry

  • 2. Cumulative Effect of 10 percent Permanent Appreciation

  • 3. Period-to-Period Effect of 10 percent Temporary Appreciation

  • References

Exchange Rate Pass-Through and Dynamic Oligopoly: An Empirical Investigation
Author: Dominique M. Gross and Mr. Nicolas Schmitt