29 January 2019 from 11:00 to 12:30

U.S.E Seminar with Yusuf Emre Akgündüz, Economist at the Central Bank of the Republic of Turkey

U.S.E Seminar with Yusuf Emre Akgündüz, economist at the Central Bank of the Republic of Turkey and former PhD student at Utrecht University. His seminar is titled: Export Pass-Through, Imported Inputs and Domestic Supply Networks.

Abstract

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.)
 

 

 

Start date and time
29 January 2019 11:00
End date and time
29 January 2019 12:30
Entrance fee
Free