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Exchange Rates and Prices

The Case of Australian Manufactured Imports

  • Book
  • © 1996

Overview

Authors:
  1. Jayant Menon

    1. Centre of Policy Studies and The IMPACT Project, Monash University, Clayton, Australia

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 433)

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xiv
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  2. Introduction: Purpose and Scope

    • Jayant Menon
    Pages 1-12

  3. The Theory of Exchange Rate Pass-through

    • Jayant Menon
    Pages 13-44

  4. The Evidence on Exchange Rate Pass-through

    • Jayant Menon
    Pages 45-73

  5. Australian Manufacturing: Trade, Structure and Performance

    • Jayant Menon
    Pages 75-107

  6. Model, Data and Methodology

    • Jayant Menon
    Pages 109-135

  7. Results

    • Jayant Menon
    Pages 137-198

  8. Conclusion

    • Jayant Menon
    Pages 199-206

  9. Back Matter

    Pages 207-313
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Keywords

About this book

The objective of this study is to provide an in-depth analysis of the exchange rate pass-through relationship, using Australian imports of manufactures as a case study. The study begins by piecing together the theoretical literature on exchange rate pass-through, to provide the basis for the development of models for the empirical analysis. To place the empirical analysis m comparative context, a critical survey of the existing empirical literature on exchange rate pass-through is then undertaken. This is followed by a review of aspects of the structure and performance of Australian manufacturing that relate to the theme of the study. Next, the data and methodology are discussed. The analysis of exchange rate pass-through is conducted in two stages. First, it seeks to establish the degree to which Australian dollar (AUD) import prices of total manufactures and 50 product categories contained therein have responded to the massive fluctuations in the AUD during the 1980s. This is done by applying an econometric procedure which avoids the pit-falls in previous studies to a carefully assembled data set. Second, the study investigates the determinants of inter-product differences in the degree of exchange rate pass-through. This is done by relating the pass-through coefficients to a series of variables representing foreign control, quantitative restrictions (QRs), product characteristics and market structure within a cross­ section regression framework.

Authors and Affiliations

  • Centre of Policy Studies and The IMPACT Project, Monash University, Clayton, Australia

    Jayant Menon

Bibliographic Information

  • Book Title: Exchange Rates and Prices

  • Book Subtitle: The Case of Australian Manufactured Imports

  • Authors: Jayant Menon

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-52070-9

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1996

  • Softcover ISBN: 978-3-540-60801-1Published: 07 March 1996

  • eBook ISBN: 978-3-642-52070-9Published: 11 December 2013

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: XIV, 313

  • Topics: International Economics

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