کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
964709 | 930592 | 2008 | 32 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
A new look at pass-through
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
This paper examines the relationship between exchange rates and prices. Rather than assuming exchange rate changes are exogenous shocks that affect prices, I use a long run restrictions VAR to identify shocks and explore the way domestic prices, import prices and exchange rates react to a variety of shocks. Consumer price pass-through is nearly complete in response to some shocks, but low in response to others. Alternatively, import prices and exchange rates typically respond in the same direction, and pass-through seems quick. This supports the idea that import prices are set in the producer's currency and that lower CPI pass-through is a result of changes in quantities or margins further down the supply chain.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Money and Finance - Volume 27, Issue 4, June 2008, Pages 560–591
Journal: Journal of International Money and Finance - Volume 27, Issue 4, June 2008, Pages 560–591
نویسندگان
Jay Shambaugh,