Research Discussion Paper – RDP 9304 Exchange Rate Pass-through: The Different Responses of Importers and Exporters

Contents

• Introduction
• Trends in Exchange Rates and Prices
• The Analytical Framework
• The Data
• Estimating the Pass-Through Relationship
• Analysis of Results
• Conclusion
• Appendix 1: Data
• Appendix 2: Computer Prices
• Appendix 3: Testing for Cointegration
• Appendix 4: Error Correction Model Results
• References

The authors are especially grateful to Michele Bullock for motivating the research. The paper has also benefited from many helpful comments by Adrian Blundell-Wignall, Philip Lowe and Tim Marney. Any errors are ours alone. The views expressed herein are those of the authors and do not necessarily reflect the views of the Reserve Bank of Australia.