Exchange rate pass-through

Have U.S. Import Prices Become Less Responsive to Changes in the Dollar? - Federal Reserve Bank of New York: "Authors Rebecca Hellerstein, Deirdre Daly and Christina Marsh conclude that the sensitivity of U.S. import prices to changes in the dollar has been relatively unchanged in the past decade. The responsiveness of U.S. import prices to such changes, known as the exchange rate “pass-through” effect, has important implications for the U.S. economy because of the potential impact on consumer prices and inflation."