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Exchange Rate Pass-Through: What Has Changed Since the Crisis?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Jašová, Martina Moessner, Richhild Takáts, El̋od |
| Copyright Year | 2016 |
| Abstract | We study how exchange rate pass-through to CPI inflation has changed since the global financial crisis. We have three main findings. First, exchange rate pass-through in emerging economies decreased after the financial crisis, while exchange rate pass-through in advanced economies has remained relatively low and stable over time. Second, we show that the declining pass-through in emerging markets is related to declining inflation. Third, we show that it is important to control for non-linearities when estimating exchange rate pass-through. These results hold for both short-run and long-run pass-through and remain robust to extensive changes in the specifications. |
| Starting Page | 27 |
| Ending Page | 58 |
| Page Count | 32 |
| File Format | PDF HTM / HTML |
| Volume Number | 15 |
| Alternate Webpage(s) | https://www.ccilindia.com/Documents/Rakshitra/2016/Nov/Article%20Summary.pdf |
| Alternate Webpage(s) | https://www.bis.org/publ/work583.pdf |
| Alternate Webpage(s) | https://www.ijcb.org/journal/ijcb19q3a2_appendix.pdf |
| Alternate Webpage(s) | https://www.ijcb.org/journal/ijcb19q3a2.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
