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https://hdl.handle.net/10419/50636
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Nogueira Júnior, Reginaldo P. | en |
dc.contributor.author | León-Ledesma, Miguel A. | en |
dc.date.accessioned | 2010-08-02 | - |
dc.date.accessioned | 2011-10-21T16:53:35Z | - |
dc.date.available | 2011-10-21T16:53:35Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/50636 | - |
dc.description.abstract | Recent literature has argued that exchange rate pass-through (ERPT) into domestic inflation has been declining in many countries following a dramatic change in inflation environment during the 1990s. Available empirical results face two central challenges: (i) the evidence on declining ERPT is mostly based on sample-splitting approaches and hence subject to a degree of arbitrariness; and (ii) the link between a lower ERPT and inflation environment is usually based on simple correlation analysis and hence silent about temporal causality. We address these issues by making use of a state-space model that allows ERPT to be time-varying and dependent on the inflation environment. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of Kent, School of Economics |cCanterbury | en |
dc.relation.ispartofseries | |aSchool of Economics Discussion Papers |x10,02 | en |
dc.subject.jel | E42 | en |
dc.subject.jel | E52 | en |
dc.subject.jel | E58 | en |
dc.subject.jel | F31 | en |
dc.subject.jel | F41 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | exchange rate pass-through | en |
dc.subject.keyword | inflation | en |
dc.subject.keyword | state-space models | en |
dc.subject.keyword | causality tests | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Inflationsrate | en |
dc.subject.stw | Exchange Rate Pass-Through | en |
dc.subject.stw | Kausalanalyse | en |
dc.title | Is low inflation really causing the decline in exchange rate pass-through? | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 632171367 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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