Ca' Zorzi, Michele; Hahn, Elke; Sánchez, Marcelo - European Central Bank - 2007
” countries. For emerging markets with only one digit inflation (most notably the Asian countries), passthrough to import and … the conventional wisdom that ERPT into both import and consumer prices is always higher in “emerging” than in “developed … evidence for a positive relationship between the degree of the ERPT and inflation, in line with Taylor’s hypothesis once two …