López-Villavicencio, Antonia; Mignon, Valérie - In: Recent econometric techniques for macroeconomic and …, (pp. 35-59). 2021
This paper assesses the impact of globalization and regionalization on exchange rate pass-through (ERPT) into import … compelling evidence that global factors cause a structural change in the degree of exchange rate pass-through. Indeed, increased …, regionalization, defined as a higher proportion of intra-EU imports' share in total imports, reduces the pass-through in a more …