intervention than from the precrisis period. The exchange rate effect on inflation was thus in a better accordance with theory … authors examine the exchange rate influence on the inflation in Switzerland, separately for the pre-crisis and the …-through into inflation. Despite the effect's moderate influence, the decline was not immediate. The authors additionally analysed …

structural Bayesian VAR. Four domestic and two global shocks are identified through zero and sign restrictions. For both … economies, we find that the main driver of consumer price inflation is the global demand shock. A negative global demand shock …

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

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 …

. There is strong evidence of a positive and significant association between the pass-through and the average inflation rate … across countries and periods. The inflation rate, moreover, dominates other macroeconomic variables in explaining cross …

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. …

, 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 …

What happens if a country devalues its currency? Standard macroeconomic theory would argue for expansionary effects …