Carriere-Swallow, Yan; Firat, Melih; Furceri, Davide; … - 2023
We estimate how the rate of pass-through from the exchange rate to domestic prices varies across states of the economy … and depending on the shocks that drive fluctuations in the exchange rate. We confirm several results from the literature … 30 years, we document that exchange rate pass-through significantly larger during periods of high inflation and elevated …