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• W3121648833 abstract "This paper shows that the pricing behavior of exporting firms exhibits a forward-looking nature under sticky prices. It offers a channel by which the expectations of future exchange rates affect current prices. To seek the micro-level evidence, we adopt detailed product-level import data of the United States and firm-product-level export data of China combined with forward premiums to study the exchange rate pass-through. We find that not only current (and past) exchange rate fluctuations but also anticipated future exchange rate changes effectively pass through into current prices, suggesting a potentially important factor in help explaining incomplete exchange rate pass-through." @default.
• W3121648833 created "2021-02-01" @default.
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• W3121648833 date "2015-07-01" @default.
• W3121648833 modified "2023-09-27" @default.
• W3121648833 title "Forward-Looking Exporters and Exchange Rate Pass-Through: A Micro-Level Investigation" @default.
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• W3121648833 hasPublicationYear "2015" @default.
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