Cheikh, Nidhaleddine Ben; Rault, Christophe - 2015
This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 euro area (EA) countries. First …, based on quarterly data over the 1990-2012 period, our study does not find a significant heterogeneity in the degree of pass-through … towards more stable macroeconomic conditions across EA member states. Second, when assessing the stability of pass-through …