Who’s Most Exposed to International Shocks? Estimating Differences in Import Price Sensitivity across U.S. Demographic Groups

Colin J. Hottman and Ryan Monarch

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: Differences in consumption patterns across demographic groups mean that international price shocks differentially affect such groups. We construct import price indexes for U.S. households that vary by age, race, marital status, education, and urban status. Black households and urban households experienced significantly higher import price inflation from 1996-2018 compared to other groups, such as white households and rural households. Sensitivity to international price shocks varies widely, implying movements in exchange rates and foreign prices, both during our sample and during the Covid-19 pandemic, drove sizable differences in import price inflation – and total inflation – across households.

Keywords: import price inflation; exchange-rate passthrough; inequality (search for similar items in EconPapers)
JEL-codes: D12 E31 F31 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2023-03
New Economics Papers: this item is included in nep-des and nep-mac
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https://www2.census.gov/library/working-papers/2023/adrm/ces/CES-WP-23-13R.pdf Revised version, 2024 (application/pdf)
https://www2.census.gov/library/working-papers/2023/adrm/ces/CES-WP-23-13.pdf First version, 2023 (application/pdf)

Related works:
Working Paper: Who's Most Exposed to International Shocks? Estimating Differences in Import Price Sensitivity across U.S. Demographic Groups (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:23-13

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