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010   $a9786612841644
010   $a1-4518-7071-X
010   $a1-282-84164-5
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035   $a(EBL)1608015
035   $a(SSID)ssj0000942985
035   $a(PQKBManifestationID)11484246
035   $a(PQKBTitleCode)TC0000942985
035   $a(PQKBWorkID)10975140
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035   $a(OCoLC)762684955
035   $a(IMF)WPIEE2008213
035   $a(MiAaPQ)EBC1608015
035   $a(IMF)WPIEA2008213
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100   $a20020129d2008      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 10$aNew Keynesian Exchange Rate Pass-Through /$fDavid Cook, Woon Choi
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2008.
215   $a1 online resource (27 p.)
225 1 $aIMF Working Papers
225  0$aIMF working paper ;$vWP/08/213
300   $aDescription based upon print version of record.
311   $a1-4519-1524-1 
320   $aIncludes bibliographical references.
327   $aContents; I. Introduction; II. The Model; III. The Data; Figures; 1. The Trade-Weighted Index of the Relative Prices; 2. U.S. Import Price Inflation and Foreign PPI Inflation; IV. Estimated Results; A. Defining Exchange Rate Pass-through; B. Benchmark Regressions; Tables; 1. Estimation Results of the Pass-Through Effect Model; C. Estimating Pass-Though Effects for a Sub-sample Period; D. Robustness Checks: Alternative Specification; 2. Estimating the Pass-through Effect Model: Alternative Specifications; E. Pass-through Effect Model with a Mix of LCP and PCP
327   $a3. Estimating the Pass-through Effect Model: A Mix of LCP and PCPF. Regional Models and Country Specific Exports; 4. Regional Pass-through Effect Model: A Mix of LCP and PCP; V. Conclusion; References; Appendix
330 3 $aUsing the theory of optimal local currency pricing, this paper constructs a structural equation to estimate the rate at which foreign producer prices pass through the local currency prices of imported goods in the U.S. This can be viewed as measuring exchange rate pass-through, in line with price stickiness in the New Keynesian Phillips curve literature. We estimate the structural equation using the generalized methods of moments for consistent estimates of exchange rate pass-through. We find that a model with a mix of local currency pricing and producer currency pricing fits the data best. The estimate of price stickiness in import prices is comparable to existing estimates of domestic price stickiness.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2008/213
606   $aForeign exchange rates$zUnited States$xEconometric models
606   $aPhillips curve$xEconometric models
606   $aCurrency$2imf
606   $aDeflation$2imf
606   $aExchange rate pass-through$2imf
606   $aForeign Exchange$2imf
606   $aForeign exchange$2imf
606   $aImport prices$2imf
606   $aImports$2imf
606   $aInflation$2imf
606   $aMacroeconomics$2imf
606   $aPrice Level$2imf
606   $aPrices$2imf
606   $aProducer prices$2imf
606   $aSticky prices$2imf
607   $aUnited States$2imf
615  0$aForeign exchange rates$xEconometric models.
615  0$aPhillips curve$xEconometric models.
615  7$aCurrency
615  7$aDeflation
615  7$aExchange rate pass-through
615  7$aForeign Exchange
615  7$aForeign exchange
615  7$aImport prices
615  7$aImports
615  7$aInflation
615  7$aMacroeconomics
615  7$aPrice Level
615  7$aPrices
615  7$aProducer prices
615  7$aSticky prices
676   $a332.450973
700   $aCook$b David$0373905
701   $aChoi$b Woon$01693111
801  0$bDcWaIMF
906   $aBOOK
912   $a9910810967603321
996   $aNew Keynesian Exchange Rate Pass-Through$94070689
997   $aUNINA