Faruqee, Hamid; Hakura, Dalia; Choudhri, Ehsan U. - International Monetary Fund (IMF) - 2002
This paper examines the performance of different new open economy macroeconomic models in explaining the exchange rate pass-through in a wide range of prices. Quantitative versions of different models are used to derive the dynamic response of various prices to an exchange rate shock. Predicted...
