{"id":"https://openalex.org/W1592290933","doi":"https://doi.org/10.17016/ifdp.1973.35","title":"The Effects of Foreign Inflation on Domestic Prices and the Relative Price Advantage of Exchange Rate Changes","display_name":"The Effects of Foreign Inflation on Domestic Prices and the Relative Price Advantage of Exchange Rate Changes","publication_year":1973,"publication_date":"1973-01-01","ids":{"openalex":"https://openalex.org/W1592290933","doi":"https://doi.org/10.17016/ifdp.1973.35","mag":"1592290933"},"language":"en","primary_location":{"id":"doi:10.17016/ifdp.1973.35","doi":"https://doi.org/10.17016/ifdp.1973.35","is_oa":true,"landing_page_url":"https://doi.org/10.17016/ifdp.1973.35","pdf_url":"https://doi.org/10.17016/ifdp.1973.35","source":{"id":"https://openalex.org/S4210204989","display_name":"International Finance Discussion Paper","issn_l":"1073-2500","issn":["1073-2500","2767-4509"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Finance Discussion Papers","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.17016/ifdp.1973.35","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5025866648","display_name":"Sung Y. Kwack","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1317239608","display_name":"Federal Reserve","ror":"https://ror.org/05fk5tr28","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608"]},{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Sung Y. Kwack","raw_affiliation_strings":["Board of Governors of the Federal Reserve System (U.S.)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Board of Governors of the Federal Reserve System (U.S.)","institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5025866648"],"corresponding_institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"],"apc_list":null,"apc_paid":null,"fwci":8.2454,"has_fulltext":false,"cited_by_count":19,"citation_normalized_percentile":{"value":0.96628407,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":"1973.0","issue":"35","first_page":"1","last_page":"20"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9911999702453613,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9911999702453613,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.005499999970197678,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10128","display_name":"Global trade and economics","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/foreign-inflation","display_name":"foreign inflation","score":0.9089999794960022},{"id":"https://openalex.org/keywords/domestic-prices","display_name":"domestic prices","score":0.8450000286102295},{"id":"https://openalex.org/keywords/exchange-rate-realignment","display_name":"exchange rate realignment","score":0.9139999747276306},{"id":"https://openalex.org/keywords/currency-depreciation","display_name":"currency depreciation","score":0.9229999780654907},{"id":"https://openalex.org/keywords/import-prices","display_name":"import prices","score":0.8730000257492065},{"id":"https://openalex.org/keywords/trade-accounts","display_name":"trade accounts","score":0.6600000262260437},{"id":"https://openalex.org/keywords/price-transmission","display_name":"price transmission","score":0.5289999842643738},{"id":"https://openalex.org/keywords/exchange-rate-pass-through","display_name":"exchange rate pass-through","score":0.5299999713897705}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.72441565990448},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.7015437483787537},{"id":"https://openalex.org/C185782297","wikidata":"https://www.wikidata.org/wiki/Q2142538","display_name":"Relative price","level":2,"score":0.695572555065155},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6826804876327515},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6193608641624451},{"id":"https://openalex.org/C2983132609","wikidata":"https://www.wikidata.org/wiki/Q66076","display_name":"Foreign exchange","level":2,"score":0.45281144976615906},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.322548508644104},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.17016/ifdp.1973.35","doi":"https://doi.org/10.17016/ifdp.1973.35","is_oa":true,"landing_page_url":"https://doi.org/10.17016/ifdp.1973.35","pdf_url":"https://doi.org/10.17016/ifdp.1973.35","source":{"id":"https://openalex.org/S4210204989","display_name":"International Finance Discussion Paper","issn_l":"1073-2500","issn":["1073-2500","2767-4509"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Finance Discussion Papers","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:fip:fedgif:35","doi":null,"is_oa":false,"landing_page_url":"http://www.federalreserve.gov/pubs/ifdp/1973/35/ifdp35.pdf","pdf_url":"http://www.federalreserve.gov/pubs/ifdp/1973/35/ifdp35.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:1592290933","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:fip:fedgif:35","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null}],"best_oa_location":{"id":"doi:10.17016/ifdp.1973.35","doi":"https://doi.org/10.17016/ifdp.1973.35","is_oa":true,"landing_page_url":"https://doi.org/10.17016/ifdp.1973.35","pdf_url":"https://doi.org/10.17016/ifdp.1973.35","source":{"id":"https://openalex.org/S4210204989","display_name":"International Finance Discussion Paper","issn_l":"1073-2500","issn":["1073-2500","2767-4509"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Finance Discussion Papers","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":false},"content_urls":{"pdf":"https://content.openalex.org/works/W1592290933.pdf"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W1546398147","https://openalex.org/W1593754291","https://openalex.org/W2004765801","https://openalex.org/W6995673427","https://openalex.org/W7096158087","https://openalex.org/W2471316577","https://openalex.org/W2098632247","https://openalex.org/W7096344323","https://openalex.org/W2164042885","https://openalex.org/W1580645919"],"abstract_inverted_index":{"Since":[0],"exchange":[1,59],"rate":[2,60,86],"realignments":[3],"of":[4,23,36,57,87,93,104],"major":[5,15],"currencies":[6],"in":[7,10,25,33,65,72,101,110],"the":[8,11,26,34,50,53,58,70,85,91,99,102,107],"world":[9],"last":[12],"few":[13],"years,":[14],"industrial":[16],"countries":[17],"have":[18],"experienced":[19],"substantially":[20],"higher-than-average":[21],"rates":[22],"inflation":[24,38],"1960's.":[27],"Consequently,":[28],"there":[29],"is":[30,68],"considerable":[31],"interest":[32],"effects":[35,51],"external":[37],"on":[39,52,106],"domestic":[40,77,111],"prices.":[41,112],"Several":[42],"studies,":[43],"notably":[44],"by":[45],"Branson":[46],"and":[47],"Clark,":[48],"discussed":[49],"U.S.":[54],"trade":[55],"account":[56],"realignment.":[61],"The":[62],"common":[63],"assumption":[64,100],"these":[66],"studies":[67],"that":[69],"increase":[71],"import":[73],"prices":[74,78],"relative":[75],"to":[76],"resulting":[79],"from":[80],"a":[81],"currency":[82],"depreciation":[83],"equals":[84],"deprecation.":[88],"While":[89],"recognizing":[90],"weakness":[92],"this":[94],"assumption,":[95],"they,":[96],"nevertheless,":[97],"introduced":[98],"absence":[103],"information":[105],"induced":[108],"changes":[109]},"counts_by_year":[{"year":2016,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}