Exchange Rate Pass-Through to Domestic Prices : Does the Inflationary Environment Matter?
The paper tests a hypothesis suggested by Taylor (2000) that a low inflationary environment leads to a low exchange rate pass-through to domestic prices. To test this hypothesis, the paper derives a pass-through relation based on new open economy macroeconomic models. A large database that includes...
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| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2001
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| Series: | IMF Working Papers ;
Working Paper No. 01/194 IMF eLibrary |
| Subjects: | |
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