Swiss Journal of Economics and Statistics

, Volume 148, Issue 3, pp 381–407 | Cite as

Exchange rates and import prices in Switzerland

Open Access


For the case of Switzerland, this paper endeavours to estimate the empirical extent to 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 0.3 and (ii) major differences arise between industries. In particular, larger pass-through effects can be observed for certain 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 almost always negligible and statistically far from significant.


F15 F31 L11 


Exchange Rate Pass-Through Import Prices Swiss Franc 


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Copyright information

© Swiss Society of Economics and Statistics 2012

Authors and Affiliations

  1. 1.Study Center GerzenseeGerzenseeSwitzerland

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