exchange rate pass-through to domestic prices in the European transition economies. We estimate VAR model to investigate (1 …

, output growth resumed but inflation remained low. Consequently, the Czech National Bank did not return policy to normal for … more than three years. Using a time-varying parameter VAR model with stochastic volatility, we show that this was not …, suggesting limited potential effects of the exchange rate commitment on inflation. On the other hand, the pass-through to output …

Determining the exchange rate pass-through on inflation is a necessity for central banks as well as for firms and … short and long-term impact of an exchange rate shock on inflation along the distribution chain in the presence of … have showed that the accumulated PT on inflation of import prices rises from 20% in the first month of the exchange rate …

The pass-through from exchange rate changes to inflation differs depending on the underlying shock. This paper …

This paper follows the Bayesian time-varying VAR approach with stochastic volatility developed by Primiceri (2005), to … experienced high inflation. The impact of an exchange rate shock on prices seems to slightly decrease across time. …

Azerbaijan, Kazakhstan and Russia. Using the data of 2003:Q1- 2016:Q2, we estimate a VAR model and find significant but … should be assessed precisely and taken into account in monetary policy decisions and inflation forecasting. …

puzzle, which refers to anomalous behavior of inflation to a monetary shock. Unlike the existing studies, we consider the …, we use two alternative measures of inflation. Calibration of our medium scale model, using plausible parameter values …, reveals that irrespective of how the inflation rate is measured and the policy rule used by the central bank, the puzzle fades …