Devereux, Michael B. (contributor); … - 2002 - [Elektronische Ressource]
This paper develops a model of endogenous exchange rate pass-through within an open economy macroeconomic framework …, where both pass-through and the exchange rate are simultaneously determined, and interact with one another. Pass-through is …-through under the condition that exchange rate volatility rises as the degree of pass-through falls. We show that the relationship …