Explaining the Exchange Rate Pass-Through in Different Prices /

This paper examines the performance of different new open economy macroeconomic models in explaining the exchange rate 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 resp...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Faruqee, Hamid
مؤلفون آخرون: Choudhri, Ehsan, Hakura, Dalia
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2002.
سلاسل:IMF Working Papers; Working Paper ; No. 2002/224
الوصول للمادة أونلاين:Full text available on IMF
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100 1 |a Faruqee, Hamid. 
245 1 0 |a Explaining the Exchange Rate Pass-Through in Different Prices /  |c Hamid Faruqee, Dalia Hakura, Ehsan Choudhri. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2002. 
300 |a 1 online resource (32 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 This paper examines the performance of different new open economy macroeconomic models in explaining the exchange rate 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 examine how well different models fit the data. The results show that the best-fitting model incorporates a number of features highlighted by different strands of the literature: sticky prices, sticky wages, distribution costs, and a combination of local and producer currency pricing. 
538 |a Mode of access: Internet 
700 1 |a Choudhri, Ehsan. 
700 1 |a Hakura, Dalia. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2002/224 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2002/224/001.2002.issue-224-en.xml  |z IMF e-Library