Faruqee, Hamid; Hakura, Dalia; Choudhri, Ehsan U. - International Monetary Fund (IMF) - 2002
pass-through in a wide range of prices. Quantitative versions of different models are used to derive the dynamic response … of various prices to an exchange rate shock. Predicted responses are compared with the evidence based on VAR models to … highlighted by different strands of the literature: sticky prices, sticky wages, distribution costs, and a combination of local …