Pass-Through of Exchange Rates and Import Prices to Domestic Inflation in Some Industrialized Economies
Author(s) -
Jonathan McCarthy
Publication year - 2007
Publication title -
eastern economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.276
H-Index - 22
eISSN - 1939-4632
pISSN - 0094-5056
DOI - 10.1057/eej.2007.38
Subject(s) - economics , inflation (cosmology) , exchange rate , monetary economics , exchange rate pass through , international economics , physics , theoretical physics
This paper examines ,the impact of exchange ,rates and import prices on domestic PPI and CPI in selected industrialised economies. The empirical model is a VAR incorporating a distribution ,chain of pricing. Impulse responses and variance decompositions,indicate that these external factors have ,a modest ,effect on domestic,price inflation over the post-Bretton Woods ,era. The pass-through is
Accelerating Research
Robert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom
Address
John Eccles HouseRobert Robinson Avenue,
Oxford Science Park, Oxford
OX4 4GP, United Kingdom