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...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2001.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2001/194 |
| 在线阅读: | Full text available on IMF |