months after the exchange rate shock. The long-term pass-through is approximately 50% at the aggregate level. The degree of …

, output growth resumed but inflation remained low. Consequently, the Czech National Bank did not return policy to normal for …, suggesting limited potential effects of the exchange rate commitment on inflation. On the other hand, the pass-through to output … exchange rate commitment on inflation expectations when not paired with temporary price-level targeting. Moreover, we highlight …

short and long-term impact of an exchange rate shock on inflation along the distribution chain in the presence of … shock to a maximum of around 66% in the first year. The equivalent figures on the inflation of producer goods go from 13% to …Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and …

. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …

inflation variability while for the third country the contribution of the commodity shock dominates over the output gap in … explaining inflation fluctuations. We find that the direct impact of the global demand shock on the price dynamics is negligible …In the paper we investigate, which shocks drive inflation in small open economies. We proceed in two steps. First, we …

systems reflects a divergence of opinion on the appropriate way to handle macroeconomics and, in particular, to curb inflation …. This paper studies the connection between changes in the exchange rate and inflation as perceived in various exchange rate … low inflation in these countries. To this end we model price and exchange rate changes simultaneously and incorporate …

A major challenge for monetary policy has been predicting how exchange rate movements will impact inflation. We propose …