Currency Choice and Exchange Rate Pass-through

Gita Gopinath, Oleg Itskhoki, Roberto Rigobon

NBER Working Paper No. 13432
Issued in September 2007

---- Acknowledgements -----

We wish to thank the international price program of the Bureau of Labor Statistics for access to unpublished micro data. We owe a huge debt of gratitude to our project coordinator Rozi Ulics for her invaluable help on this project. The views expressed here do not necessarily reflect the views of the BLS. We thank Mark Aguiar, Pol Antras, Ariel Burstein, Linda Goldberg, Emi Nakamura, Andy Neumeyer, Ken Rogoff, Daryl Slusher and seminar participants at numerous venues for their comments. We thank Igor Barenboim, Loukas Karabarbounis and Kelly Shue for excellent research assistance. A previous version of this paper was circulated under the title ''Pass-through at the Dock: Pricing to Currency and to Market?'' This research is supported by NSF grant #SES 0617256. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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