Effects of a Free Trade Agreement on the Exchange Rate Pass‐Through to Import Prices
Effects of a Free Trade Agreement on the Exchange Rate Pass‐Through to Import Prices
复制标题
自由贸易协定对汇率传导至进口价格的影响
DOI：
10.1111/j.1467-9396.2011.00960.x
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发表时间：
2011
期刊：
影响因子：
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通讯作者：
Arnoldo Marmolejo
中科院分区：
文献类型：
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作者：
Arnoldo Marmolejo
本文研究了贸易自由化对进口价格的汇率传递效应。为了做到这一点，它采用了北美自由贸易协定对墨西哥ERPT的影响的经验估计，并使用了李嘉图一般均衡模型。该模型确定了关税与商品传递之间的直接关系。第二个渠道是关税对进口构成的影响，间接改变了总传递。
This paper investigates the effect of trade liberalization on the exchange rate pass-through (ERPT) to import prices. To do so, it employs an empirical estimation of the effects of NAFTA on the Mexican ERPT, and uses a Ricardian general equilibrium model. The model identifies the direct relationship between the tariffs and the pass-through by good. The second channel is the effect that tariffs have on the composition of imports, altering indirectly the aggregate pass-through.