| This dissertation examines the degree to which the prices of imports to the United States respond to changes in bilateral exchange rates. The first chapter provides a review of the literature on exchange rate pass-through and outlines how research on the topic has changed over the past forty years. The next two chapters focus individually on specific questions that are important to the pass-through literature. These topics include the impact of imperfect competition and varying market shares on pass-through rates, as well as the decline in pass-through to import prices and the possible effects of China's increased role in trade with the United States. In each case, I use highly disaggregated data on US imports to calculate pass-through rates and examine competition at the most detailed possible level. |
