We propose a complex analysis of the exchange rate pass-through in an open economy. We assess the level, linearity and symmetry of exchange rate pass-through to import and consumer prices in Poland and discuss its implications for the monetary policy. We show that the pass-through is incomplete...

Taking into account a large number of types of nominal and real exchange rates, while estimating the real equilibrium exchange rate, one should always remember that there is no a single, universal equilibrium exchange rate. A point value or a path of that exchange rate depends on the adopted...

This paper describes a preliminary version of the small inflation model of Mongolia (SIMOM). The intended primary use of the model is analysis of the monetary transmission mechanism and the inflation process in Mongolia, estimation of dynamic responses of selected variables to different shocks...