Logo - springer
Slogan - springer

Economics - International Economics / European Integration | The Real Exchange Rate and Prices of Traded Goods in OECD Countries

The Real Exchange Rate and Prices of Traded Goods in OECD Countries

Series: Kieler Studien - Kiel Studies, Vol. 322

Brauer, Holger

2003, XXII, 219 p.


Hardcover version

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

(net) price for USA

ISBN 978-3-540-00430-1

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days

add to marked items

  • About this book

 The book deals with real exchange rate changes resulting either from shifts in nominal exchange rates or increases in costs that are asymmetric across countries. It is shown how exchange rates and local production costs are passed through into import prices. It is found both analytically and empirically for OECD countries that pass-through is incomplete and the degree of pass-through depends on country and industry characteristics such as production share, market structure, product attributes and demand features. The book also investigates the implications of exchange rate changes for profits, investment and the entry/exit decisions of firms. The main finding is that even though the exchange rate changes have a limited impact on price competitiveness, they do matter for location and investment decisions. 

Content Level » Research

Keywords » Exchange Rate Pass-through - International Competitiveness - Law of one Price - Price Setting Behavior - Purchasing Power Parity

Related subjects » Econometrics / Statistics - Industrial Organization - International Economics / European Integration - Microeconomics / Industrial Organization

Table of contents 

 Aim of the Study.- Various Approaches to Price Comparisons of International Goods under Production Costs Shifts between Countries.- Theoretical Determinants for the Degree of Pass-Through and Pricing to Market.- Empirical Results for the Degree of Pass-Through in Domestic and Export Markets.- The Impact of Cost Competitivenesson Relative Export Prices and World Market Shares.- The Law of One Price and Adjustments of Real Economy.- Concluding Remarks: Is the Real Exchange Rate an Issue for National Policy?.

Popular Content within this publication 



Services for this book

New Book Alert

Get alerted on new Springer publications in the subject area of International Economics.