Comunale, Mariarosaria; Kunovac, Davor - Task Force on Low Inflation (LIFT) - 2017
In this paper we analyse the exchange rate pass-through (ERPT) in the euro area as a whole and for four euro area members - Germany, France, Italy and Spain. For that purpose we use Bayesian VARs with identification based on a combination of zero and sign restrictions. Our results emphasize that...
