Tariff Passthrough at the Border - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Tariff Passthrough at the Border write by Ms.Gita Gopinath. This book was released on 2019-11-01. Tariff Passthrough at the Border available in PDF, EPUB and Kindle. We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence has fallen largely on the United States. Since we estimate the response of prices to exchange rates to be far more muted, the recent depreciation of the Chinese renminbi is unlikely to alter this conclusion. Next, using product-level data from several large multi-national retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed. Some affected product categories have seen sharp price increases, but the difference between affected and unaffected products is generally quite modest, suggesting that retail margins have fallen. These retailers' imports increased after the initial announcement of possible tariffs, but before their full implementation, so the intermediate passthrough of tariffs to their prices may not persist. Finally, in contrast to the case of foreign exporters facing US tariffs, we show that US exporters lowered their prices on goods subjected to foreign retaliatory tariffs compared to exports of non-targeted goods.
Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy
Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy write by Alberto Cavallo. This book was released on 2019-11-01. Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy available in PDF, EPUB and Kindle. We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence has fallen largely on the United States. Since we estimate the response of prices to exchange rates to be far more muted, the recent depreciation of the Chinese renminbi is unlikely to alter this conclusion. Next, using product-level data from several large multi-national retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed. Some affected product categories have seen sharp price increases, but the difference between affected and unaffected products is generally quite modest, suggesting that retail margins have fallen. These retailers' imports increased after the initial announcement of possible tariffs, but before their full implementation, so the intermediate passthrough of tariffs to their prices may not persist. Finally, in contrast to the case of foreign exporters facing US tariffs, we show that US exporters lowered their prices on goods subjected to foreign retaliatory tariffs compared to exports of non-targeted goods.
Tariff Passthrough at the Border and at the Store
Tariff Passthrough at the Border and at the Store - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Tariff Passthrough at the Border and at the Store write by Alberto Cavallo. This book was released on 2020. Tariff Passthrough at the Border and at the Store available in PDF, EPUB and Kindle.
Dominant Currency Paradigm: A New Model for Small Open Economies
Dominant Currency Paradigm: A New Model for Small Open Economies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dominant Currency Paradigm: A New Model for Small Open Economies write by Camila Casas. This book was released on 2017-11-22. Dominant Currency Paradigm: A New Model for Small Open Economies available in PDF, EPUB and Kindle. Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in local currency. We model instead a ‘dominant currency paradigm’ for small open economies characterized by three features: pricing in a dominant currency; pricing complementarities, and imported input use in production. Under this paradigm: (a) the terms-of-trade is stable; (b) dominant currency exchange rate pass-through into export and import prices is high regardless of destination or origin of goods; (c) exchange rate pass-through of non-dominant currencies is small; (d) expenditure switching occurs mostly via imports, driven by the dollar exchange rate while exports respond weakly, if at all; (e) strengthening of the dominant currency relative to non-dominant ones can negatively impact global trade; (f) optimal monetary policy targets deviations from the law of one price arising from dominant currency fluctuations, in addition to the inflation and output gap. Using data from Colombia we document strong support for the dominant currency paradigm.
Federal Energy Regulatory Commission Reports
Federal Energy Regulatory Commission Reports - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Federal Energy Regulatory Commission Reports write by United States. Federal Energy Regulatory Commission. This book was released on 2000. Federal Energy Regulatory Commission Reports available in PDF, EPUB and Kindle.
