TY - BOOK ID - 84538568 TI - Exchange Rate Pass-Through and Dynamic Oligopoly : An Empirical Investigation AU - Gross, Dominique. AU - Schmitt, Nicolas. PY - 1999 SN - 1462380301 1452761388 1281602132 9786613782823 1451893795 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Foreign Exchange KW - Macroeconomics KW - Money and Monetary Policy KW - Models of Trade with Imperfect Competition and Scale Economies KW - Oligopoly and Other Imperfect Markets KW - Empirical Studies of Trade KW - Automobiles KW - Other Transportation Equipment KW - Related Parts and Equipment KW - Monetary Systems KW - Standards KW - Regimes KW - Government and the Monetary System KW - Payment Systems KW - Price Level KW - Inflation KW - Deflation KW - Currency KW - Foreign exchange KW - Monetary economics KW - Exchange rates KW - Exchange rate pass-through KW - Currencies KW - Exchange rate adjustments KW - Asset prices KW - Money KW - Prices KW - Belgium UR - https://www.unicat.be/uniCat?func=search&query=sysid:84538568 AB - This paper explicitly takes into account the dynamic oligopolistic rivalry among source producers to evaluate the degree of exchange rate pass-through. Using recent time-series techniques for the case of imported automobiles in Switzerland, the results show that prices are strategic complements and that the degree of pass-through is lower in the long run than in the short run. We attribute this to the fact that, although some rivals match long-term price changes, others do not, inducing the producer who faces a change in exchange rate to absorb a greater proportion of the variation. ER -