Exchange Rate Movements and Tradable Goods Prices in East Asia: An Analysis Based on Japanese Customs Data, 1988-98

March 1, 1999

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The paper uses a dynamic panel data model to estimate the pass-through coefficients of 20 nine-digit industrial commodities that are traded between Japan and its East Asian trading partners to investigate the response of tradable goods prices to exchange rate movements. By using the monthly series of unit export and import values obtained from the Japanese customs data for the period 1988-98, it shows that price pass-through is much larger for exports from Japan than for imports to Japan.

Subject: Exchange rate adjustments, Exchange rates, Export prices, Exports, Foreign exchange, Import prices, International trade, Prices

Keywords: cost level, East Asia, Exchange rate, Exchange rate adjustments, Exchange rates, export, Export prices, Exports, goods price, import, Import prices, pass-through, pass-through coefficient, price, price data, price development, price variable, pricing behavior, tradable goods, unit value, WP, yen price

Pages:
20
Volume:
1999
DOI:
https://doi.org/10.5089/9781451845006.001
Issue:
031
Series:
Working Paper No. 1999/031
Stock No:
WPIEA0311999
ISBN:
9781451845006
ISSN:
1018-5941

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