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      Is a more stable exchange rate associated with reduced exchange rate pass-through?

      Holmes, Mark J.
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      holmes stable exchange rate.pdf
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       economicsbulletin.vanderbilt.edu
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      Holmes, 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
      2007
      Type
      Journal Article
      Publisher
      Economics Bulletin, USA
      Rights
      This article has been published in the journal: Economics Bulletin.
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      • Management Papers [1079]
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