Plausibly Exogenous [758] - Swiss Appreciation (02/15/2022)
LHS Variable
Cost of living
RHS Variable
Changes in consumer prices
Source of Exogenous Variation
Abrupt appreciation of the Swiss franc on January 15, 2015, which markedly reduced import relative to domestic retail prices
- Auer, Burstein, Lein, and Vogel (2022), “Unequal Expenditure Switching: Evidence from Switzerland”