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Exchange Rate Pass-Through and Structural Macroeconomic Shocks in Developing Countries: An Empirical Investigation.
Barhoumi, Karim - Volkswirtschaftliche Fakultät, … - 2006
calculate the pass-through as the responses of the exchange rate, CPI and import prices to the supply, the relative demand, the …
Persistent link: https://www.econbiz.de/10005787042
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Does nominal rigidity mislead our perception of the exchange rate pass-through?
DE BANDT, OLIVIER; Razafindrabe, Tovonony Maherizo - EconomiX, Université Paris Ouest-Nanterre la Défense … - 2014
Relying on a novel dataset of detailed micro-data on import prices, this paper explores the close link that exists … between nominal import price rigidity and the extent of exchange rate pass-through (ERPT). We show that previous evidence in … import price reaction function is distorted by the presence of nominal rigidity. Indeed, the linearity assumption is veri …
Persistent link: https://www.econbiz.de/10010992418
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Market Structure and Exchange Rate Pass-Through
Schoenle, Raphael S.; Auer, Raphael A. - Department of Economics, International Business School, … - 2013
model are confirmed in micro data on US import prices: while the rate at which a firm reacts to changes in its own cost is U …
Persistent link: https://www.econbiz.de/10010849938
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Nonlinear Mechanism of the Exchange Rate Pass-Through: Does Business Cycle Matter?
Cheikh, Nidhaleddine Ben - Centre de Recherche en Économie et Management (CREM) - 2013
This paper examines the presence of nonlinear mechanism in the exchange rate pass-through (ERPT) to CPI inflation for 12 euro area (EA) countries. Using logistic smooth transition models, we explore the existence of nonlinearity with respect to economic activity along the business cycle. Our...
Persistent link: https://www.econbiz.de/10010854369
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Long Run Exchange Rate Pass-Through: A Panel Cointegration Approach
Cheikh, Nidhaleddine Ben - FIW - 2012
area. The observed decline in ERPT to import prices was synchronous to the shift towards reduced inflation regime. …
Persistent link: https://www.econbiz.de/10010856794
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The Pass-Through of Exchange Rate in the Context of the European Sovereign Debt Crisis
Cheikh, Nidhaleddine Ben - FIW - 2013
This paper investigates whether the exchange rate pass-through (ERPT) to CPI inflation is a nonlinear phenomenon for five heavily indebted euro area (EA) countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore...
Persistent link: https://www.econbiz.de/10010856804
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Estimating the Exchange Rate Pass-Through to Prices in Mexico
Espada, Josué Fernando Cortés - In: Monetaria I (2013) 2, pp. 287-316
This paper estimates the magnitude of the exchange rate pass-through to consumer prices in Mexico. Moreover, it analyzes if the pass-through dynamics have changed in recent years. In particular, it uses a methodology that generates results consistent with the hierarchy implicit in the cpi. The...
Persistent link: https://www.econbiz.de/10010883914
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The Role of the Business Cycle in Exchange Rate Pass-Through: The Case of Finland
Cheikh, Nidhaleddine Ben; Rault, Christophe - William Davidson Institute, University of Michigan - 2014
In this paper we investigate whether exchange rate pass-through (ERPT) responds nonlinearly to economic activity along the business cycle. Using quarterly data spanning the period 1975:1 to 2011:1, we explore the existence of nonlinearities in ERPT to CPI inflation for the Finnish economy....
Persistent link: https://www.econbiz.de/10010936534
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Recent Estimates of Exchange Rate Pass-Through to Import Prices in the Euro Area
Cheikh, Nidhaleddine Ben; Rault, Christophe - William Davidson Institute, University of Michigan - 2014
This paper provides an update on the exchange rate pass-through (ERPT) estimates for 12 Euro area (EA) countries. First, based on quarterly data over the 1990-2012 period, our study does not find a significant heterogeneity in the degree of pass-through across the monetary union members, in...
Persistent link: https://www.econbiz.de/10010936536
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The Relationship between Inflation Targeting and Exchange Rate Pass-Through in Turkey with a Model Averaging Approach
Arslaner, Ferhat; Karaman, Dogan; Arslaner, Nuran; Kal, … - Türkiye Cumhuriyet Merkez Bankası - 2014
Turkey, as an emerging economy, has a unique experience regarding to the relationship between the rate of inflation and the exchange rate. As opposed to developed countries, the effects of exchange rate fluctuations are felt significantly on inflation dynamics and these fluctuations also...
Persistent link: https://www.econbiz.de/10010941509