Is a more stable exchange rate associated with reduced exchange rate pass-through?
Citation
Export citationHolmes, M. (2007). Is a more stable exchange rate associated with reduced exchange rate pass-through? Economics Bulletin, 6(39), 1-12.
Permanent Research Commons link: https://hdl.handle.net/10289/1936
Abstract
Pass-through from the nominal effective exchange rate to import prices is modelled within a regime-switching environment. Evidence suggests that exchange rate pass through can be characterised as regime-specific where the probability of switching between regimes is influenced by the extent of exchange rate volatility.
Date
2007Type
Publisher
Economics Bulletin, USA
Rights
This article has been published in the journal: Economics Bulletin.
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