Naz, Farah; Mohsin, Asma; Zaman, Khalid - In: Economic Modelling 29 (2012) 6, pp. 2205-2221
function and variance decomposition are used to measure the exchange rate pass-through to domestic prices. The major findings … of this study are as follows: (i) the exchange rate movements have only a moderate effect on domestic prices, (ii) for … domestic prices is quite gradual, taking about 14 quarters to arrive at the full impact. The immediate effect of a structural …