Can inaction account for the incomplete exchange rate pass-through? Evidence from threshold ARDL model
Numerous empirical studies suggest that the responses of prices to exchange rate movements are muted, i.e. the exchange rate pass-through is incomplete. In this study we investigate whether this result can be explained by inaction to small changes in the exchange rate, in which case the incompletene...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2019-07-01
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| Series: | Baltic Journal of Economics |
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| Online Access: | http://dx.doi.org/10.1080/1406099X.2019.1654223 |