Exchange Rates and Import Prices in Switzerland

Nils Herger

Swiss Journal of Economics and Statistics (SJES), 2012, vol. 148, issue III, 381-407

Abstract: For the case of Switzerland, this paper endeavours to estimate the empirical extend with which exchange rates are "passed-through" onto import prices. For data covering the 1999 to 2010 period, the results suggest that (i) on aggregate, the exchange rate pass-through is highly incomplete with an elasticity of around 0.2 and (ii) major differences arise between industries. In particular, relatively large pass-through effects can be observed for commodities and other standardised products such as paper, timber, or minerals whilst for automobiles and textiles, the impact of the exchange rate upon import prices is negligible and statistically far from significant.

Keywords: Exchange Rate Pass-Through; Import Prices; Swiss Franc (search for similar items in EconPapers)
JEL-codes: F15 F31 L11 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ses:arsjes:2012-iii-1

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