Publisher Summary This chapter examines the way imperfect competition affects the gains
and losses from trade policies. It focuses on empirical models that estimate the impact of …

It is well established in the literature that minimum wage increases compress the wage
distribution. Firms respond to these higher labour costs by reducing employment, reducing …

We provide cross-country and time series evidence on the extent of exchange rate pass-
through into the import prices of 23 OECD countries. We find compelling evidence of partial …

This article analyzes the heterogeneous reaction of exporters to real exchange rate changes
using a very rich French firm-level data set with destination-specific export values and …

International relative prices across industrialized countries show large and systematic
deviations from relative purchasing power parity. We embed a model of imperfect …

In most industrialized economies, inflation rates in the 1990s and 2000s were low compared
to those of the 1970s and 1980s. Further underscoring these differences, inflation remained …

We show, using novel data on currency and prices for US imports, that even conditional on a
price change, there is a large difference in the exchange rate pass-through of the average …

The currency denomination of international trade has significant macroeconomic and policy
implications. In this paper we solve for the optimal invoicing choice by integrating this …

A standard assumption in the empirical literature is that exchange rate pass‐through is both
linear and symmetric. This study tests these assumptions for export and import prices in the …

Developing countries traditionally experience pass-through of exchange rate changes that is
greater and more rapid than high-income countries experience. This is true equally of the …