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This paper studies shock-dependent exchange rate pass-through for Japan with a Bayesian structural vector autoregression model. We identify the shocks by complementing the traditional sign and zero restrictions broadly following Forbes(2018) with the narrative sign restrictions related to the...
Persistent link: https://www.econbiz.de/10012846989
This paper studies shock-dependent exchange rate pass-through for Japan with a Bayesian structural vector autoregression model. We identify the shocks by complementing the traditional sign and zero restrictions with narrative sign restrictions related to the Plaza Accord. We find that the...
Persistent link: https://www.econbiz.de/10012835614
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