Is a more stable exchange rate associated with reduced exchange rate pass-through?

Pass-through from the nominal effective exchange rate to import prices is modelled within a regime-switching environment. Evidence suggests that exchange rate pass through can be characterised as regime-specific where the probability of switching between regimes is influenced by the extent of exchange rate volatility.

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Year of publication:	2007-10-09
Authors:	Holmes, Mark J.
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 6.2007, 39, p. 1-12
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	F4 - Macroeconomic Aspects of International Trade and Finance ; F0 - International Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010629579