This paper aims at showing heterogeneity in the degree of exchange rate pass-through to import prices in major advanced …

This paper aims at showing heterogeneity in the degree of exchange rate pass-through to import prices in major advanced …

magnitude, proportionally. This paper tests these assumptions for export and import prices in the G7 economies. It focuses on …

This paper estimates export and import price equations for 41 countries -including 28 emerging market economies … differentiation also play a role; (iii) export and import price elasticities tend to be strongly correlated across countries; (iv …) pass-through to import prices has declined in some advanced economies, noticeably the United States; this is consistent …

How long does it take for exchange rate changes to pass through into inflation? Does it make a difference whether the … this paper, we examine possible non-linearities in the transmission of exchange rate movements to import and consumer … obtain state-dependent impulse response functions. We find that (i) euro area consumer and import prices respond …

magnitude, proportionally. This paper tests these assumptions for export and import prices in the G7 economies. It focuses on …

This paper estimates export and import price equations for 41 countries –including 28 emerging market economies … differentiation also play a role; (iii) export and import price elasticities tend to be strongly correlated across countries; (iv …) pass-through to import prices has declined in some advanced economies, noticeably the United States; this is consistent …

, subsequently, we didn't see the inflation they predicted. We show that these puzzles disappear in a Vector Autoregressive model … much of the inflation dynamics in the 2012-2014 euro area missing inflation episode. Consequently, economists and models … that excessively focused on the global nature of inflation were liable to miss the contribution of deflationary domestic …

and food price shocks on a given set of countries. Secondly, we assess the importance of inflation linkages among … exist among regions. In addition, a considerable part of the observed headline inflation rises is attributable to foreign …