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The pass-through of exchange rate in the context of the European sovereign debt crisis
Cheikh, Nidhaleddine Ben; Rault, Christophe - 2015
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011376318
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The pass-through of exchange rate in the context of the European sovereign debt crisis
Cheikh, Nidhaleddine Ben; Rault, Christophe - 2015
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011346864
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Exchange rate pass-through after the crisis : the Hungarian experience
Hajnal, Mihály; Molnár, György; Várhegyi, Judit - 2015
cent over a two-year horizon. Both cyclical (subdued demand) and structural (decline in level of inflation) factors have …
Persistent link: https://www.econbiz.de/10011341750
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Exchange rate pass-through in an emerging market : the case of the Czech Republic
Hájek, Jan; Horváth, Roman - 2015
We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its sub-components, we find that the degree of passthrough is incomplete...
Persistent link: https://www.econbiz.de/10010529885
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Exchange rates and consumer prices : evidence from Brexit
Breinlich, Holger; Leromain, Elsa; Novy, Dennis; … - 2019
costs across product groups. We show that, after the referendum, inflation increased by more for product groups with higher …
Persistent link: https://www.econbiz.de/10012157863
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Frankenstärke und Importpreisreagibilität : kurz-, mittel- und langfristige Effekte
Kellermann, Kersten; Schlag, Carsten-Henning - 2011
Seit Ausbruch der Finanzkrise im Herbst 2007 ist der Wert des Franken handelsgewichtet in nominaler Rechnung um ein Drittel gestiegen. Dennoch bleiben im Frankenraum die Importpreise in heimischer Währung relativ konstant. Im Rahmen der vorliegenden Untersuchung werden für den Zeitraum 1974...
Persistent link: https://www.econbiz.de/10009510702
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Exchange rate pass-through in Russia
Ponomarev, Jurij; Trunin, Pavel V.; Uljukaev, Aleksej V. - 2014
The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000–2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate...
Persistent link: https://www.econbiz.de/10011398366
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Nonlinear pass-through of exchange rate shocks on inflation : a Bayesian smooth transition VAR approach
Rincón Castro, Hernán; Rodríguez-Niño, Norberto - 2016
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 …
Persistent link: https://www.econbiz.de/10011554700
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Exchange rate uncertainty and import prices in the euro area
Blagov, Boris - 2018
This paper analyses the effects of exchange rate uncertainty on the pricing behaviour of import firms in the euro area. Uncertainty is measured via the volatility of the structural shocks to the exchange rate in a non-linear VAR framework and is an important determinant of import prices. An...
Persistent link: https://www.econbiz.de/10011962485
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Exchange rate pass-through to food and energy consumer price inflation
Moessner, Richhild - 2022
This paper studies exchange rate pass-through to food and energy consumer price inflation and its dependence on the … inflation environment using cross-country panel estimation of Phillips curves. It considers a large panel of OECD member and … inflation and also significant for food CPI inflation. A 10% depreciation in the exchange rate leads to an increase in energy …
Persistent link: https://www.econbiz.de/10013473669