This paper surveys the theoretical and empirical literature on the effects of the real exchange
rate (RER) on international trade, economic development and growth. We summarize the …

This paper surveys a wide body of economic literature on the relationship between
exchange rates and trade. Specifically, two main issues are investigated: the impact of …

Large exporters are simultaneously large importers. We show that this pattern is key to
understanding low aggregate exchange rate pass-through as well as the variation in pass …

We survey the recent empirical and theoretical developments in the literature on the relation
between prices and exchange rates. After updating some of the major findings in the …

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 …

We examine the global operations of multi-product firms. We present a flexible
heterogeneous-firm trade model with either limited or strong scope for quality differentiation …

We propose a supply-side channel for the transmission of monetary policy. We show that
when high-markup firms have lower pass-throughs than low-markup firms, then positive …

This paper provides first-hand firm-level evidence on Chinese exporters' reaction to RMB
exchange rate movements. We find that the RMB price response to exchange rate changes …

This paper examines the microfoundations of the determinants of international
competitiveness. It does so within the broader “technology gap” perspective whereby wide …

This paper examines the relationship between the destination of exports and the input prices
paid by firms, using detailed customs and firm-product-level data from Portugal. Both …