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 … bound, credible non-standard monetary policy actions result in greater ERPT to consumer prices. This paper recommends moving …