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This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 …-through ; inflation ; smooth transition regression models ; euro area …
Persistent link: https://www.econbiz.de/10009632682
This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 …
Persistent link: https://www.econbiz.de/10010954801
's [Taylor, J., (2000). Low Inflation, Pass-through, and the Pricing Power of Firms, European Economic Review 44 (7), 1389 …–1408] suggestion that the degree of pass-through is dependent on the importing country inflation regime. Extending the standard mark … inflation experience, we present strong empirical evidence for the inflation regime dependence of pass-through elasticities for …
Persistent link: https://www.econbiz.de/10010943002
This paper empirically examines whether there are asymmetric effects of the exchange rate on domestic corporate goods prices when the exchange rate is more volatile. To identify different volatilities in the exchange rate, we employ a threshold regression model. In other words, we define...
Persistent link: https://www.econbiz.de/10010666164
Persistent link: https://www.econbiz.de/10014469067
Persistent link: https://www.econbiz.de/10014373714
rate movements start to influence the price inflation in China in a significant way. This paper estimates a structural …
Persistent link: https://www.econbiz.de/10010738000
The impact of changes in exchange rate on inflation is an issue of extreme importance for nations with a history of … high inflation. While there have been significant studies on industrial and advanced economies, little analysis has been … fundamentals on ERPT, and finds monetary policy stability, inflation rate and trade openness to have a positive impact on pass …
Persistent link: https://www.econbiz.de/10010617302
The aim of this paper is to investigate the asymmetric effect of exchange rate variations on prices over the short- and long-run in four major developed countries. To this end, we estimate a mark-up model for prices using a novel and simple asymmetric cointegrating model, with positive and...
Persistent link: https://www.econbiz.de/10011065346
This paper provides a survey of the vast literature on the New Keynesian Phillips Curve (NKPC) by attempting to give a complete picture of the many disagreements surrounding the NKPC from both a theoretical and an empirical perspective. A few NKPC studies that are applied to Turkish data provide...
Persistent link: https://www.econbiz.de/10010813941