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01764cas a2200253 a 4500 |
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|c 5.00 USD
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|z 9781451859867
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Hakura, Dalia.
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|a Exchange Rate Pass-Through to Domestic Prices :
|b Does the Inflationary Environment Matter? /
|c Dalia Hakura, Ehsan Choudhri.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2001.
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|a 1 online resource (36 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|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.
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|a Mode of access: Internet
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|a Choudhri, Ehsan.
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|a IMF Working Papers; Working Paper ;
|v No. 2001/194
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|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
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