Pass-through from the nominal effective exchange rate to import prices is modelled within a regime-switching environment. Evidence suggests that exchange rate pass through can be characterised as regime-specific where the probability of switching between regimes is influenced by the extent of exchange rate volatility.
机构:
Univ Manchester, Manchester Business Sch, Manchester M15 6PB, Lancs, EnglandUniv Manchester, Manchester Business Sch, Manchester M15 6PB, Lancs, England
Marques, Helena
Garcia-Solanes, Jose
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Univ Murcia, Dept Fundamentos Anal Econ, Fac Econ & Empresa, E-30100 Murcia, SpainUniv Manchester, Manchester Business Sch, Manchester M15 6PB, Lancs, England