Otani, Akira; Shiratsuka, Shigenori; Shirota, Toyoichiro - In: Monetary and Economic Studies 21 (2003) 3, pp. 53-81
In this paper, we empirically examine the movement of the exchange rate pass-through to the aggregate import prices in Japan from the 1980s through 2001. We demonstrate that the exchange rate pass- through to Japan's import prices fell in the 1990s, and such a decline occurred mainly during the...