The shocks matter: Improving our estimates of exchange rate pass-through

© 2018 Elsevier B.V. A major challenge for monetary policy is predicting how exchange rate movements will impact inflation. We propose a new focus: directly incorporating the underlying shocks that cause exchange rate fluctuations when evaluating how these fluctuations “pass through” to import and c...

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Bibliographic Details
Main Authors: Forbes, Kristin, Hjortsoe, Ida, Nenova, Tsvetelina
Other Authors: Sloan School of Management
Format: Article
Language:English
Published: Elsevier BV 2021
Online Access:https://hdl.handle.net/1721.1/135108