As a further contribution to the growing international literature on exchange rate pass-through (PT), this study assesses the extent of PT for Irish import prices over the period 1963 to 1995. It fills two important gaps in the literature, by making due allowance for the time series properties...

This paper addresses the unresolved issues surrounding the determination of Irish inflation. The study tests the validity of i) a pure wage mark-up model ii) a pure small open economy model and iii) a hybrid model which fuses elements of i) and ii) over the period 1979:Q1-1995:Q3. Multivariate...

This study assesses the extent to which exchange rate changes affect Irish import prices (i.e. the extent of exchange rate pass-through, PT) by analysing data from the 1963 to 1995 period. The paper fills two important gaps in the literature: i) by making due allowance for the time series...

This paper addresses the unresolved issues surrounding the determination of fish inflation. The study tests the validity of (l) a pure wage mark-up model, (2) a pure small open economy model, and (3) a hybrid model which fuses elements of (1) and (2) over the period 1979:Q1-1995:Q3. Multivariate...

This paper examines whether monetary authorities should aim for low inflation or price stability. It first outlines and assesses many of the costs of inflation. Some of these, such as the distortionary effect upon the tax system, have been shown to involve significant welfare costs, even at very...