Shintani, Mototsugu; Terada-Hagiwara, Akiko; Yabu, Tomoyoshi - In: Journal of International Money and Finance 32 (2013) C, pp. 512-527
This paper investigates the relationship between the exchange rate pass-through (ERPT) and inflation by estimating a nonlinear time series model. Based on a simple theoretical model of ERPT determination, we show that the dynamics of ERPT can be well approximated by a class of smooth transition...
