Posedel, Petra; Tica, Josip - Ekonomski Fakultet, Sveučilište u Zagrebu - 2007
In this paper exchange rate pass-through effect in Croatia is estimated with nonlinear (asymmetric) threshold autoregressive model (TAR). In total 12285 regressions is estimated and a strong case of nonlinearity with single threshold is proven. According to our estimation there is a threshold at...