country to another. Inflation did not soar in most Asian countries, including Thailand and Korea, after the exchange rate … depreciated during the crisis. Indonesia, however, suffered very high inflation following a very large nominal depreciation of the … effects of domestic price inflation and sharp nominal exchange rate depreciation in the post-crisis period …

country to another. Inflation did not soar in most Asian countries, including Thailand and Korea, after the exchange rate … depreciated during the crisis. Indonesia, however, suffered very high inflation following a very large nominal depreciation of the … effects of domestic price inflation and sharp nominal exchange rate depreciation in the post-crisis period …

We study how exchange rate pass-through to CPI inflation has changed since the global financial crisis. We have three … declining pass-through in emerging markets is related to declining inflation. Third, we show that it is important to control for …