The Effects of Foreign Exchange Movements on U.S. Domestic Prices
研究1974-1987年间美元汇率波动如何影响美国国内生产者价格，发现依赖进口且产品可替代性高的行业价格反应更充分，而资本密集、集中度高或受保护行业的价格变化较小。
This paper draws on the fields of international economics and industrial organization to model and empirically examine the relationship between currency-value fluctuations and domestic producer prices. The major focus is the issue of whether (and why) domestic industries differ systematically in their response to exchange rate changes. The major findings are that changes in the external value of the U.S. dollar between 1974 and 1987 passed most fully into domestic prices of industries heavily reliant on imported inports and producing goods highly substitutable for imports; highly capital-intensive and concentrated industries and those protected by extensive barriers to entry, both from domestic and foreign sources, have exhibited less domestic price change from the exchange rate movements. Copyright 1989 by MIT Press.