Ortega Eslava, Eva; Osbat, Chiara - 2020
un papel importante. ; 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 … effective lower bound, credible non-standard monetary policy actions result in greater ERPT to consumer prices. This paper …