Comunale, Mariarosaria; Kunovac, Davor - Task Force on Low Inflation (LIFT) - 2017
In this paper we analyse the exchange rate pass-through (ERPT) in the euro area as a whole and for four euro area … of zero and sign restrictions. Our results emphasize that pass-through in the euro area is not constant over time - it …-through to import prices and overall very small pass-through to consumer in.ation in the euro area. …