# References

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Alessandria, G. 2009. “Consumer Search, Price Dispersion and International Relative Price Volatility.” International Economic Review 50 (3): 803-29.

Alessandria, G., and J. P. Kaboski. 2011. “Pricing-to-Market and the Failure of Absolute PPP.” American Economic Journal: Macroeconomics 3 (1): 91-127.

Alessandria, G., J. P. Kaboski, and V. Midrigan. 2010. “Inventories, Lumpy Trade, and Large Devaluations.” American Economic Review 100 (5): 2304-39.

Alfaro, L., A. Cuñat, H. Fadinger, and L. Yanping. 2018. “The Real Exchange Rate, Innovation and Productivity: Regional Heterogeneity, Asymmetries and Hysteresis.” NBER Working Paper 24633, National Bureau of Economic Research, Cambridge, MA.

Alvarez, F., A. Atkeson, and P. Kehoe. 2009. “Time-Varying Risk, Interest Rates, and Exchange Rates in General Equilibrium.” Review of Economic Studies 76 (3): 851-78.

Amiti, M., O. Itskhoki, and J. Konings. 2014. “Importers, Exporters, and Exchange Rate Disconnect.” American Economic Review 104 (7): 1942-78.

———. 2016. “International Shocks and Domestic Prices: How Large Are Strategic Complementarities?” NBER Working Paper 22119, National Bureau of Economic Research, Cambridge, MA.

Arias, J., J. Rubio-Ramirez, and D. Waggoner. 2014. “Inference Based on SVARs Identified with Sign and Zero Restrictions: Theory and Applications.” Dynare Working Paper 30, Centre pour la recherche économique et ses applications, Paris.

Auer, R. 2015. “Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005-08 Revaluation of the Renminbi.” Journal of Money, Credit and Banking 47 (8): 1617-50.

Auer, R., and T. Chaney. 2009. “Exchange Rate Pass-Through in a Competitive Model of Pricing-toMarket.” Journal of Money, Credit and Banking 41 (s1): 151-75.

Avdjiev, S., V. Bruno, C. Koch, and H. Shin. 2018. “The Dollar Exchange Rate as a Global Risk Factor: Evidence from Investment.” Paper prepared for the 18th Jacques Polak Annual Research Conference, International Monetary Fund, Washington, DC.

Bacchetta, P., and E. van Wincoop. 2003. “Why Do Consumer Prices React Less Than Import Prices to Exchange Rates?” Journal of the European Economic Association 1 (2-3): 662-70.

———. 2005. “A Theory of the Currency Denomination of International Trade.” Journal of International Economics 67 (2): 295-319.

Baffes, J., M. A. Kose, F. L. Ohnsorge, and M. Stocker. 2015. “The Great Plunge in Oil Prices: Causes, Consequences, and Policy Responses.” Policy Research Note 1, World Bank, Washington, DC.

Ball, C. P., and J. Reyes. 2008. “Inflation Targeting or Fear of Floating in Disguise? A Broader Perspective.” Journal of Macroeconomics 30 (1): 308-26.

Benigno, P., and E. Faia. 2016. “Globalization, Pass-Through, and Inflation Dynamics.” International Journal of Central Banking 12 (4): 263-306.

Berger, D., J. Faust, J. H. Rogers, and K. Steverson. 2012. “Border Prices and Retail Prices.” Journal of International Economics 88 (1): 62-73.

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