Exchange rate pass-through in developing and emerging markets: A survey of conceptual, methodological and policy issues, and selected empirical findings
J Aron, R Macdonald, J Muellbauer - Journal of Development …, 2014 - Taylor & Francis
Global integration has increased the international linkages of financial markets for emerging
market countries. A key channel for the international transmission of inflation and economic …
market countries. A key channel for the international transmission of inflation and economic …
Large shocks travel fast
We document a sizeable increase in the frequency of price adjustments following the large
energy shocks of 2022. We use a tractable New Keynesian model, calibrated to the …
energy shocks of 2022. We use a tractable New Keynesian model, calibrated to the …
[图书][B] The two-regime view of inflation
This study provides a view of the inflation process that is complementary to the one captured
in standard models, such as those based on the Phillips curve. It char acterises the process …
in standard models, such as those based on the Phillips curve. It char acterises the process …
Exchange rates and monetary policy in emerging market economies
We compare alternative monetary policies for an emerging market economy that
experiences external shocks to interest rates and the terms of trade. Financial frictions …
experiences external shocks to interest rates and the terms of trade. Financial frictions …
Frequency of price adjustment and pass-through
G Gopinath, O Itskhoki - The Quarterly Journal of Economics, 2010 - academic.oup.com
We empirically document, using US import prices, that on average goods with a high
frequency of price adjustment have a long-run pass-through that is at least twice as high as …
frequency of price adjustment have a long-run pass-through that is at least twice as high as …
Price setting in online markets: Basic facts, international comparisons, and cross-border integration
Y Gorodnichenko, O Talavera - American Economic Review, 2017 - aeaweb.org
We document basic facts about prices in online markets in the United States and Canada,
which is a rapidly growing segment of the retail sector. Relative to prices in regular stores …
which is a rapidly growing segment of the retail sector. Relative to prices in regular stores …
Equivalence results for optimal pass-through, optimal indexing to exchange rates, and optimal choice of currency for export pricing
C Engel - Journal of the European Economic Association, 2006 - academic.oup.com
Firms sometimes write price lists or catalogs for their exports, so they set prices for a period
of time and do not adjust prices during that interval in response to changes in their …
of time and do not adjust prices during that interval in response to changes in their …
Exchange rate pass-through in emerging countries: Do the inflation environment, monetary policy regime and central bank behavior matter?
A López-Villavicencio, V Mignon - Journal of International Money and …, 2017 - Elsevier
In this paper, we estimate the exchange rate pass-through (ERPT) to import and consumer
prices for a sample of 14 emerging countries over the 1994Q1-2015Q3 period. To this end …
prices for a sample of 14 emerging countries over the 1994Q1-2015Q3 period. To this end …
[图书][B] Monetary policy credibility and exchange rate pass-through
A long-standing conjecture in macroeconomics is that recent declines in exchange rate pass-
through are in part due to improved monetary policy performance. In a large sample of …
through are in part due to improved monetary policy performance. In a large sample of …
Asymmetries in the transmission of oil price shocks to inflation in the eurozone
Abstract Theory predicts that the level of inflation in an economy and the trend in the
prevailing inflation rate may affect how oil price shocks, through their influence on firms' …
prevailing inflation rate may affect how oil price shocks, through their influence on firms' …