Thomakos, Dimitrios D.; Bhattacharya, Prasad S. - Econometric Society - 2004
``exchange rate pass-through" effect, that is, when one accounts for the variability of the exchange rate and import prices. An … exchange rate depreciation leading to a higher level of pass-through to import prices implies greater expenditure switching … into account the possible pass-through effects of exchange rates and import prices on CPI and PPI inflation. …