Exchange Rate Pass-Through to Domestic Prices : Does the Inflationary Environment Matter? /

The paper tests a hypothesis suggested by Taylor (2000) that a low inflationary environment leads to a low exchange rate pass-through to domestic prices. To test this hypothesis, the paper derives a pass-through relation based on new open economy macroeconomic models. A large database that includes...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Hakura, Dalia
Άλλοι συγγραφείς: Choudhri, Ehsan
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 2001.
Σειρά:IMF Working Papers; Working Paper ; No. 2001/194
Διαθέσιμο Online:Full text available on IMF
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100 1 |a Hakura, Dalia. 
245 1 0 |a Exchange Rate Pass-Through to Domestic Prices :   |b Does the Inflationary Environment Matter? /  |c Dalia Hakura, Ehsan Choudhri. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2001. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper tests a hypothesis suggested by Taylor (2000) that a low inflationary environment leads to a low exchange rate pass-through to domestic prices. To test this hypothesis, the paper derives a pass-through relation based on new open economy macroeconomic models. A large database that includes 1979-2000 data for 71 countries is used to estimate this relation. There is strong evidence of a positive and significant association between the pass-through and the average inflation rate across countries and periods. The inflation rate, moreover, dominates other macroeconomic variables in explaining cross-regime differences in the pass-through. 
538 |a Mode of access: Internet 
700 1 |a Choudhri, Ehsan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/194 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2001/194/001.2001.issue-194-en.xml  |z IMF e-Library