This paper investigates the spillover effects of U.S. monetary policy on exchange rates of 10 advanced economies and 21 emerging markets during the Coronavirus Disease 2019 (COVID-19). The investigation is achieved by a structural vector autoregression model, where daily data on economic...

We compare, on a welfare loss basis, possible inflation targeting regimes supported by different exchange rate rules. For model parametrization, we estimate a forward looking monetary policy rule for Turkey. When variable inflation targets are taken into consideration, as opposed to the fixed...

This paper estimates the exchange rate pass-through (ERPT) by using good-level daily data on wholesale prices of imported agricultural products, where the identification is achieved by using daily data on the domestic inflation rate. The results of standard empirical analyses are in line with...