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Product-level estimates of exchange rate pass-through: Evidence from Turkey*star

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dc.contributor.author Tumen, Semih
dc.contributor.author Akgündüz, Yusuf Emre
dc.contributor.author Bastan, Emine Meltem
dc.contributor.author Demiroğlu, Ufuk
dc.date.accessioned 2021-01-08T08:04:32Z
dc.date.available 2021-01-08T08:04:32Z
dc.date.issued 2020-11
dc.identifier.issn 0378-5920
dc.identifier.uri https://doi.org/10.1111/twec.13060
dc.identifier.uri http://hdl.handle.net/20.500.12485/665
dc.description.abstract We estimate the export and import pass-through rates using product-level data from Turkey. We find that the Turkish lira (TRY) exchange rate changes are mostly passed on to TRY prices of exports and imports-and, therefore, modestly to their prices in trading partners' currencies. The rate of average pass-through to TRY prices is estimated at 89% for imported goods and 82% for exported goods, with no apparent lags in the impact. Pass-through estimates by sector show variation and are relatively low for food and agricultural products. We argue that the fine-grained product-level data enable us to estimate the pass-through rates with better reliability and precision than we could by using only aggregated time-series data. We also introduce a pooled equation to estimate the difference between the export and import pass-through rates-a potentially useful statistic-in a way that allows for statistical inference. en_US
dc.language.iso en en_US
dc.publisher WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ USA en_US
dc.subject Business, Finance en_US
dc.subject Economics en_US
dc.subject International Relations en_US
dc.title Product-level estimates of exchange rate pass-through: Evidence from Turkey*star en_US
dc.type Article en_US
dc.relation.journal WORLD ECONOMY en_US
dc.identifier.startpage 1 en_US
dc.identifier.endpage 24 en_US


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