Holmes, Mark J.2009-01-302009-01-302007Holmes, M. (2007). Is a more stable exchange rate associated with reduced exchange rate pass-through? Economics Bulletin, 6(39), 1-12.https://hdl.handle.net/10289/1936Pass-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.application/pdfenThis article has been published in the journal: Economics Bulletin.exchange rateJournal Article