Weltwirtschaftliches Archiv

, Volume 136, Issue 1, pp 1–23 | Cite as

Exchange rates and European countries’ export prices: An empirical test for asymmetries in pricing to market behavior

  • Salvador Gil-Pareja


Exchange Rates and European Countries’ Export Prices: An Empirical Test for Asymmetries in Pricing to Market Behavior. — This paper uses forward instead of spot exchange rates to test for the presence of asymmetries in the response of export prices to exchange rate movements on a wide sample of European Union exporter countries and highly disaggregated product categories. In most cases, the data give support to the hypothesis of a symmetric pricing to market behavior during periods of depreciation and appreciation of the exporter’s currency.

F12 F14 


Wechselkurse und Exportpreise europÄischer LÄnder: Ein empirischer Test von Asymmetrien in der Preispolitik der Exporteure. — In diesem Aufsatz wird getestet, ob Exporteure ihre Preise nach einer Aufwertung anders setzen als nach einer Abwertung, sich also nach WechselkursÄnderungen asymmetrisch verhalten. Hierfür werden Devisenterminkurse statt Devisenkassakurse benutzt und auf eine gro\e Stichprobe von ExportlÄndern der EuropÄischen Union und stark disaggregierte Produktkategorien angewendet. In den meisten FÄllen unterstützen die Daten die Hypothese eines symmetrischen Preisverhaltens sowohl wÄhrend einer Abwertung als auch wÄhrend einer Aufwertung der WÄhrung des Exportlandes.


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© Institut fur Weltwirtschaft an der Universitat Kiel 2000

Authors and Affiliations

  • Salvador Gil-Pareja

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