Ortega, Eva; Osbat, Chiara - 2020
Aggregate exchange rate pass-through (ERPT) to import and consumer prices in the EU is currently lower than it was in … the 1990s and is non-linear. Low estimated aggregate ERPT to consumer prices does not at all mean that exchange rate … each shock which causes the exchange rate to move has a different price response, meaning that the combination of shocks …