U.S.E. seminar met Yusuf Emre Akgündüz, econoom bij de centrale bank van Turkije en voormalig promovendus aan de Universiteit Utrecht. Zijn seminar heeft als titel: Export Pass-Through, Imported Inputs and Domestic Supply Networks.
Dit is een Engelstalig abstract over zijn seminar:
Exporting ﬁrms have large domestic supply networks. This paper analyzes the impact of the import intensity of exporters and their domestic supply networks on exchange rate pass-through. Using administrative datasets from Turkey on domestic ﬁrm-to-ﬁrm sales, ﬁrm balance sheets and ﬁrm product-destination level exports and imports, we ﬁnd that (i) almost all exporters use imported inputs,once their suppliers are taken into account; (ii)following an exchange rate depreciation,exporters that rely more on imports, directly or hrough their suppliers, raise their producer-currency export prices signiﬁcantly more and increase their export volumes signiﬁcantly less; (iii) higher concentration on a few domestic suppliers raises the export price pass-through; and (iv) exporters with higher import intensities experience a greater disruption in their domestic supply network following an exchange rate depreciation.
(Paper by Yusuf Emre Akgündüz, Salih Fendoglu, Central Bank of the Republic of Turkey.)