Replication data for: Dollar Invoicing and the Heterogeneity of Exchange Rate Pass-Through
- Boz, Emine
- Gopinath, Gita
- Plagborg-Møller, Mikkel
AbstractWe show empirically that the variation across country pairs in exchange rate pass-through and trade elasticity is meaningfully explained by the dollar's dominance as invoicing currency. We use a hierarchical Bayesian approach to directly and flexibly model pass-through heterogeneity conditional on the invoicing currency share. We estimate that the importer's country-level dollar invoicing share explains 15 percent of the overall variance across trading pairs in dollar exchange rate pass-through into bilateral prices.
Is supplement to
DOI: 10.1257/pandp.20191009 (Text)
Boz, Emine, Gita Gopinath, and Mikkel Plagborg-Møller. “Dollar Invoicing and the Heterogeneity of Exchange Rate Pass-Through.” AEA Papers and Proceedings 109 (May 2019): 527–32. https://doi.org/10.1257/pandp.20191009.
- ID: 10.1257/pandp.20191009 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 3 | Registration Date: 2019-12-07