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|z 9781451843156
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|a 1018-5941
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|a Faruqee, Hamid.
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|a Exchange Rate Pass-Through in the Euro Area :
|b The Role of Asymmetric Pricing Behavior /
|c Hamid Faruqee.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2004.
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|a 1 online resource (27 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 Exchange rate pass-through in a set of euro area prices along the pricing chain is examined. Using a vector autoregression (VAR) approach, the empirics analyze the joint time-series behavior of the euro exchange rate and a system of euro-area prices in response to an exchange rate shock. The impulse-response functions from the VAR estimates are used to identify-in a 'new open economy macroeconomics model'-those key behavioral parameters that best replicate the pattern of exchange rate pass-through in the euro area. Area-wide prices are found to display incomplete pass-through, consistent with euro currency-pricing and pricing-to-market behavior. The results are compared to those for the other major industrial economies, and suggest that, as with the United States, "expenditure-switching" effects on the current account still operate but are generally small.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2004/014
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2004/014/001.2004.issue-014-en.xml
|z IMF e-Library
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