@techreport{MacCarthy2000Pass,
abstract = {This paper examines the impact of exchange rates and import prices on the domestic producer price index and consumer price index in selected industrialized economies.  The empirical model is a vector autoregression incorporating a distribution chain of pricing.  When the model is estimated over the post-Bretton Woods era, impulse responses indicate that exchange rates have a modest effect on domestic price inflation while import prices have a stronger effect.  Pass-through is larger in countries with a larger import share and more persistent exchange rates and import prices.  Over 1996-98, these external factors have had a sizable disinflationary effect in many of the countries, but not in the United States.  Estimating the model using post-1982 data has little effect on these conclusions},
address = {New York, NY},
author = {Jonathan MacCarthy},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E31; F41; F31; 330; pass-through, in\textdaggerdbl{}ation, exchange rates, import prices; Inflation; Wechselkurs; Au\ss{}enhandelspreis; Industriestaaten},
language = {eng},
number = {111},
publisher = {Federal Reserve Bank of New York},
title = {Pass-through of exchange rates and import prices to domestic inflation in some industrialized economies},
type = {Staff Report, Federal Reserve Bank of New York},
url = {http://hdl.handle.net/10419/60561},
year = {2000}
}
