Cwik, Tobias J.; Müller, Gernot J.; Wolters, Maik - Center for Financial Studies - 2008
channel by which monetary policy directly impacts domestic inflation. Although the strength of this effect increases with … monetary policy directly impacts domestic inflation. Although the strength
of this effect increases with economic openness, it …-
mestic (i.e. producer price) inflation and domestic absorption. We focus on these variables, because
they are well defined in …