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-through (ERPT) on aggregate and disaggregate import prices of the industrial sectors in the short- and long-run. The study is based … period from 2002Q1 to 2016Q4. In the long-run, the ERPT is complete for the aggregate import and for the industrial sector … beverages and tobacco. In the short-run, the ERPT is incomplete for the aggregate import and for majority of industrial sectors …
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We show that exchange rate pass-through to consumer prices varies not only across countries, but also over time. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate, use of foreign currency invoicing, and openness - in...
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