intervention than from the precrisis period. The exchange rate effect on inflation was thus in a better accordance with theory … authors examine the exchange rate influence on the inflation in Switzerland, separately for the pre-crisis and the …-through into inflation. Despite the effect's moderate influence, the decline was not immediate. The authors additionally analysed …

structural Bayesian VAR. Four domestic and two global shocks are identified through zero and sign restrictions. For both … economies, we find that the main driver of consumer price inflation is the global demand shock. A negative global demand shock …

exchange rate pass-through to domestic prices in the European transition economies. We estimate VAR model to investigate (1 …

Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and … short and long-term impact of an exchange rate shock on inflation along the distribution chain in the presence of … have showed that the accumulated PT on inflation of import prices rises from 20% in the first month of the exchange rate …

. There is strong evidence of a positive and significant association between the pass-through and the average inflation rate … across countries and periods. The inflation rate, moreover, dominates other macroeconomic variables in explaining cross …

This paper follows the Bayesian time-varying VAR approach with stochastic volatility developed by Primiceri (2005), to … experienced high inflation. The impact of an exchange rate shock on prices seems to slightly decrease across time. …

What happens if a country devalues its currency? Standard macroeconomic theory would argue for expansionary effects …