000			01229nam a22001577a 4500
999			_c517955 _d517955
008			210806b ||||| |||| 00| 0 eng d
100			_aAuer, R., Burstein, A. and Lein, S.M. _928334
245			_aExchange rates and prices: Evidence from the 2015 Swiss franc appreciation
260			_aThe American Economic Review
300			_a3(2), Feb, 2021: p.652-686
520			_aWe dissect the impact of a large and sudden exchange rate appreciation on Swiss border import prices, retail prices, and consumer expenditures on domestic and imported nondurable goods, following the removal of the EUR/CHF floor in January 2015. Cross-sectional variation in border price changes by currency of invoicing carries over to consumer prices and allocations, impacting retail prices of imports and competing domestic goods, as well as import expenditures. We provide measures of the sensitivity of retail import prices to border prices and the sensitivity of import shares to relative prices, which is higher when using retail prices than border prices. – Reproduced
650			_aConsumption; Saving; Wealth, Price Level; Inflation; Deflation _928335
773			_aThe American Economic Review
906			_aCONSUMPTION
942			_cAR